Sanmina Stock Technical Analysis

SANM Stock  USD 61.66  0.69  1.13%   
As of the 25th of April, Sanmina has the Semi Deviation of 2.18, risk adjusted performance of 0.0606, and Coefficient Of Variation of 1195.35. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sanmina, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Sanmina, which can be compared to its competition. Please validate Sanmina variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Sanmina is priced more or less accurately, providing market reflects its prevalent price of 61.66 per share. Given that Sanmina has jensen alpha of 0.1383, we advise you to double-check Sanmina's current market performance to make sure the company can sustain itself at a future point.

Sanmina Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sanmina, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sanmina
  
Sanmina's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Sanmina Analyst Consensus

Target PriceAdvice# of Analysts
77.0Buy4Odds
Sanmina current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Sanmina analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sanmina stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sanmina, talking to its executives and customers, or listening to Sanmina conference calls.
Sanmina Analyst Advice Details
Sanmina technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Sanmina technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sanmina trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Sanmina Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sanmina volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sanmina Trend Analysis

Use this graph to draw trend lines for Sanmina. You can use it to identify possible trend reversals for Sanmina as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sanmina price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Sanmina Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sanmina applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Sanmina market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.78, which is the sum of squared deviations for the predicted Sanmina price change compared to its average price change.

About Sanmina Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sanmina on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sanmina based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sanmina price pattern first instead of the macroeconomic environment surrounding Sanmina. By analyzing Sanmina's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sanmina's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sanmina specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2016 2022 2023 2024 (projected)
Days Sales Outstanding75.9868.4961.6444.86
PTB Ratio1.521.351.561.48

Sanmina April 25, 2024 Technical Indicators

Most technical analysis of Sanmina help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sanmina from various momentum indicators to cycle indicators. When you analyze Sanmina charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Sanmina April 25, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Sanmina stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Sanmina is a strong investment it is important to analyze Sanmina's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sanmina's future performance. For an informed investment choice regarding Sanmina Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanmina. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Sanmina Stock, please use our How to Invest in Sanmina guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Sanmina Stock analysis

When running Sanmina's price analysis, check to measure Sanmina's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sanmina is operating at the current time. Most of Sanmina's value examination focuses on studying past and present price action to predict the probability of Sanmina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanmina's price. Additionally, you may evaluate how the addition of Sanmina to your portfolios can decrease your overall portfolio volatility.
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Is Sanmina's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sanmina. If investors know Sanmina will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sanmina listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.36)
Earnings Share
4.62
Revenue Per Share
146.9
Quarterly Revenue Growth
(0.20)
Return On Assets
0.0534
The market value of Sanmina is measured differently than its book value, which is the value of Sanmina that is recorded on the company's balance sheet. Investors also form their own opinion of Sanmina's value that differs from its market value or its book value, called intrinsic value, which is Sanmina's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sanmina's market value can be influenced by many factors that don't directly affect Sanmina's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sanmina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanmina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanmina's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.