SIMO Forms Deep Base in Advancing Stage 2; Awaiting Breakout above 336.22

Posted on by Eben@CANSLIM Research
SIMO daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

Silicon Motion (SIMO) is holding its uptrend within a Stage 2 advance, trading above a rising 30-week moving average. However, the current base is a deep, 37.8% correction over eight weeks, which historically carries an elevated failure rate. The market is focused on whether price can reclaim the 336.22 pivot, with sentiment constructive but awaiting confirmation.

As of 2026-08-14 · Close $268.9

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 15.3%)

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