Chips · Stock report · Resonac (TSE: 4004.T)
Resonac — ranks 13th of 86 chip stocks on one-month move; money-flow reading slowing
The Closelooknet read
Resonac (TSE: 4004.T) ranks 13th of the 86 stocks in our chip section on one-month move, at 0.5%, and our money-flow reading (a gauge of net buying pressure) stands at 78, our label "warm". It is still positive but slowing: it is down 11.2 points over five sessions and 32.7 over the past month. Its peers show a wider split: Shin-Etsu Chemical (TSE: 4063.T) gained 4.5% over the month, while Siltronic (WAF.DE) fell 22.5%. We watch whether the money-flow reading stops falling while the stock holds above its 200-day average, or whether it slides back under it.
Where Resonac stands among our chip stocks
Resonac gained 0.5% over the month, 13th of 86 in our chip section. Two peers rose more: Shin-Etsu Chemical gained 4.5% and Entegris (ENTG) 3.9%. The rest of the peer group fell over the month: Sumco (3436.T) lost 17.1%, Soitec (SOI.PA) 14.7%, Murata Manufacturing (6981.T) 14.8%, Siltronic 22.5% and GlobalWafers (6488.TW) 14.1%.
Resonac sits 28.1% below its 25 May closing high of ¥19,450. Shin-Etsu Chemical is 23.0% below its June high, and Entegris 13.0% below its June high.
Our money-flow and momentum readings
Our money-flow reading is 78, labelled "warm" (our label for the strength of net buying), and still positive but slowing. It has lost 11.2 points over five sessions and 32.7 over the past month.
Our momentum score is 44. A composite score and a Piotroski check of financial health are not yet available for this stock, so we do not read quality from them.
Price trend
Resonac closed at ¥13,985 on 29 October, up 3.3% on the day after opening 2.2% higher. That put it 0.4% above the average close of the last 200 sessions (¥13,932.92), a cross up through that line today. It is 9.1% below its 50-day average of ¥15,385.90.
The stock is up 114.3% this year and 135.8% over one year. Its typical daily swing is about 5.2%. A stochastic momentum signal turned up from oversold three sessions ago.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.