STMicroelectronics N.V. (NYSE:STM) at ‘Overbought’ Based on Its RSI

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STMicroelectronics N.V. (NYSE:STM) is at an overbought level with an RSI(14) at 82.57.

The Relative Strength Index (RSI) is one of the most widely used technical indicators used to determine strengthening and weakening momentum in stock price. RSI levels above 70 are considered overbought with RSI’s under 30 indicating oversold. Overbought is a condition that occurs when price momentum is considered too high and the probability of decline is higher.

Volatility

(NYSE:STM) currently has a beta of 0.81 indicating it is lower in volatility than the market overall which by definition has a beta of 1. Stocks with beta’s lower than 1 are less risky and those with a higher beta are more risky than the market.

The stock’s Average True Range (ATR) is 0.57. The ATR is a measure of volatility. It doesn’t indicate direction, just proclivity for motion.

Company shares are trading at $23.45 which is significantly above $19.96, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $17.22. The 50 day moving average was up $3.50 and the 200 day average went up by +36.216%.

Short Interest

Short traders are more bearish lately if you watch the rise in short interest. The stock recorded a rise in short interest between September 15, 2017 and September 29, 2017 of 2.41%. Short interest grew from 6,911,688 to 7,078,262 over that timeframe. With short interest at 7,078,262 and short average daily volume at 3,211,850, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.01% on September 29.

STMicroelectronics N.V. announced a dividend for shareholders that was paid on Tue Sep 26, 2017. The dividend payment was $0.060 per share for the quarter which comes to $0.24 on an annualized basis. The dividend yield was $1.04. The ex-dividend date was Monday the 18th of September 2017.

The company currently has a P/E ratio of 47.963 and market capitalization is 20.82B. As of the last earnings report the EPS was $0.49 and is expected to be $0.84 for the current year with 887,810,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.28 with next year’s EPS anticipated to be $1.13.

Company Information

STMicroelectronics N.V., launched on May 21, 1987, is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), full custom devices and semi-custom devices, and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. In addition, it participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and Smartcards. The Business’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. It offers analog products that can be used to design any system requiring semiconductors, including sensors, signal channel devices, output power stages-discrete and/or integrated, as well as complete power management blocks. ADG comprises all dedicated automotive Integrated Circuits (ICs) (both digital and analog), and discrete and power transistor products. AMG comprises low-power high-end analog ICs (both custom and general purpose) for all markets; smart power products for Industrial, Computer and Consumer markets; Touch Screen Controllers; Low Power Connectivity solutions (both wireline and wireless) for Internet of Things (IoT); power conversion products, and metering solutions for Smart Grid and all Micro Electro-Mechanical Systems (MEMS) products, either sensors or actuators. MDG comprises general purpose and secure microcontrollers, Electrically Erasable Programmable Read-Only Memory (EEPROM) memories, and digital ASICs, as well as restructured businesses, such as set-top box ICs or former ST-Ericsson products. The Others segment includes all the financial values related to the Imaging Product Division (including the sensors and modules from its Time of Flight technology), Subsystems and other products..

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