SMCI Slides 4% as EMA Breakdown Extends Downtrend Toward $40 Support
$SUPER MICRO COMPUTER INC(SMCI)$
$40.34 (−4.03%): EMA breakdown extends slide; sellers press $40—watch 38/42 (range 36–45)
Market Recap (today):
Super Micro Computer closed at $40.34, off −4.03%, trading $40.30–$42.82 on ~31.8M shares vs ~30.5M avg (~1.04×). Price sits ~39% below the 52-week high ($66.44).
Drivers: (1) Ongoing risk-off in AI hardware after a weak tape in semis/servers; (2) post-earnings hangover as guidance reset keeps buyers cautious; (3) a decisive close beneath 20/50-EMA ($49.35/$49.22), flipping trend to defense.
Indicators & 1-week view:
MACD(12,26,9) is negative and below signal (MACD ≈ −1.39 < signal 0.05; hist −1.44), confirming downside momentum;
RSI(14) ≈ 31.7 approaches oversold—bounce risk rises but trend still down. V
olume modestly above average validates supply. With Volume+SAR+EMA alignment bearish and price far under EMAs, base case is sideways-to-down, unless bulls reclaim $42–$43 quickly.
Key levels:
Support $40 / $38 / $36;
Resistance $42.5 / $45 / $49–50 (EMAs).
Valuation: TTM P/E ~24× (below S&P 500 ~27× and well under last year’s peaks), but multiple can compress further if growth cools. Target: Tactical rebound to $42–$45 possible; failure below $40 opens $38→$36.
Risk / Disclaimer: High beta and headline sensitivity (orders, supply, pricing) can drive gaps both ways. This is technical commentary only, not investment advice. Data cross-checked with Yahoo Finance & TradingView (today).
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