{"id":125780,"date":"2024-11-14T15:29:54","date_gmt":"2024-11-14T08:29:54","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125780"},"modified":"2024-11-14T15:29:54","modified_gmt":"2024-11-14T08:29:54","slug":"super-micro-computer-price-levels-to-watch-as-stocks-slump-accelerates","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125780","title":{"rendered":"Super Micro Computer Price Levels to Watch as Stock&#8217;s Slump Accelerates"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">Key Takeaways<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Super Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its quarterly results.\u00a0<\/li>\n<li>The stock&#8217;s sell-off has continued after breaking down below a descending broadening wedge pattern late last month on above-average volume.<\/li>\n<li>Investors should watch important support levels on Super Micro&#8217;s chart around $17 and $12, while keeping an eye on key resistance levels near $23 and $30.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Super Micro Computer (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=smci\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">SMCI<\/a>) shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would <a href=\"https:\/\/www.investopedia.com\/supermicro-stock-brutal-2024-keeps-getting-worse-delisting-sec-filing-8744627\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">delay the filing of its fiscal first-quarter financial report<\/a>.<span class=\"ql-inline-citation\" data-cite=\"1\"\/>\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The latest update comes after the company said in October that it could not predict when it would file its 2004 annual report, a requirement it must meet to comply with Nasdaq <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/nasdaq-listing-requirements\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">listing rules<\/a>. The company\u2019s reporting delays stem from the resignation of its auditor Ernst Young last month, which earlier flagged issues with the server maker\u2019s <a href=\"https:\/\/www.investopedia.com\/terms\/c\/corporategovernance.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">corporate governance<\/a> and internal controls.<span class=\"ql-inline-citation\" data-cite=\"2\"\/>\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Super Micro shares have lost more than half their value since late October through Wednesday\u2019s close and trade down around 28% since the start of the year. The stock fell 6% during the regular session Wednesday and tumbled another 6% to around $19 in after-hours trading,\n<\/p>\n<p id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Below, we break down the <a href=\"https:\/\/www.investopedia.com\/technical-analysis-4689657\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technicals<\/a> on Super Micro\u2019s chart and identify important price levels to watch out for.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-broadening-wedge-breakdown-continues\"\/><\/p>\n<h2 id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Broadening Wedge Breakdown Continues <\/span> <\/h2>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Super Micro shares traded within an eight-month descending <a href=\"https:\/\/www.investopedia.com\/terms\/b\/broadeningformation.asp#:~:text=A%20broadening%20formation%20is%20a%20technical%20chart%20pattern%20depicting%20a,contained%20within%20a%20broadening%20formation.\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">broadening formation<\/a> before decisively breaking down below the pattern\u2019s lower trendline on above-average <a href=\"https:\/\/www.investopedia.com\/terms\/v\/volume.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">volume<\/a> late last month.\n<\/p>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> More recently, the stock\u2019s sell-off has continued, with the <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">relative strength index (RSI)<\/a> moving below the 30 threshold to confirm bearish price momentum. However, the indicator\u2019s <a href=\"https:\/\/www.investopedia.com\/terms\/o\/oversold.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">oversold<\/a> reading also increases the likelihood of a bargain-hunting bounce.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Let\u2019s point out important <a href=\"https:\/\/www.investopedia.com\/trading\/support-and-resistance-basics\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">support and resistance<\/a> levels on Super Micro\u2019s chart that investors may be monitoring.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-important-support-levels-to-watch\"\/><\/p>\n<h2 id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Important Support Levels to Watch <\/span> <\/h2>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Amid further falls, investors should monitor how the shares respond to the $17 level, a location on the chart where the price could find support near a series of comparable trading levels prior to the late May 2023 <a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakawaygap.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">breakaway gap<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The bull\u2019s failure to defend this this level could see the shares tumble to lower support around $12. Investors may seek <a href=\"https:\/\/www.investopedia.com\/terms\/b\/buyandhold.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">buy-and-hold<\/a> entry points in the area near three <a href=\"https:\/\/www.investopedia.com\/trading\/peak-and-trough-analysis\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">peaks<\/a> that formed on the chart between March and April last year.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-key-resistance-levels-to-monitor\"\/><\/p>\n<h2 id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Key Resistance Levels to Monitor <\/span> <\/h2>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> During an oversold bounce, it\u2019s worth keeping track of the $23 level, a region where the stock may encounter selling pressure near a trendline connecting multiple troughs that surfaced on the chart between June and October last year.\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Finally, a more bullish upside <a href=\"https:\/\/www.investopedia.com\/terms\/r\/reversal.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">reversal<\/a> could fuel a move to around $30. Investors may look to offload shares in this area near the broadening formation\u2019s lower trendline, a chart location that also corresponds with the top level of a prior <a href=\"https:\/\/www.investopedia.com\/terms\/t\/tradingrange.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">trading range<\/a> that formed during the second half of last year.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\u00a0<a href=\"https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">warranty and liability disclaimer<\/a>\u00a0for more info.<\/em>\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>As of the date this article was written, the author does not own any of the above securities.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/super-micro-computer-price-levels-to-watch-as-stock-slump-accelerates-8745107\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Super Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125780\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125780","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125780"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125780\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}