Chips · Stock report · Shin-Etsu Chemical (TSE: 4063.T)
Shin-Etsu Chemical — ranks 53 of 86 chip stocks over a month, as it closes below its 200-day average
The Closelooknet read
Shin-Etsu Chemical (TSE: 4063.T) sits in the middle of the pack in our chip section: it ranks 53rd of 86 stocks on one-month move, with a gain of 6.4%. Our money-flow reading (a gauge of net buying pressure) is 19.3 and still positive but slowing, down 21.1 over the past 21 sessions, and its momentum score is 34. On Wednesday the stock slipped below the average close of the last 200 sessions, closing at JPY 6,234 versus JPY 6,259.04. What we watch: whether it closes back above JPY 6,259.04 in the coming sessions, or keeps slipping under it while money flow keeps fading.
Where Shin-Etsu stands among chip stocks
Shin-Etsu's 6.4% one-month gain trails every one of the seven peers in our pack. Murata Manufacturing (6981.T) in Tokyo leads with 25.8%, then GlobalWafers (6488.TW) in Taipei at 23.9%, Entegris (ENTG) in the US at 17.9%, with Resonac (4004.T) and Sumco (3436.T) both at 17.0%. Soitec (SOI.PA) in Paris gained 9.3% and Siltronic (WAF.DE) in Frankfurt 6.5%. Shin-Etsu is 20.1% below its 52-week closing high of JPY 7,806 from 3 June; Resonac is 7.1% below its high and Entegris 9.6%, while Sumco is 30.6% and Murata 29.1% below theirs.
Our money-flow and quality readings
Our money-flow reading for Shin-Etsu is 19.3, which our gauge rates as neither overheated nor cold. It is still positive but slowing: it fell 3.5 over five sessions and 21.1 over 21. Our momentum score is 34. The pack does not give a full composite score for the stock, so we do not rate its overall quality here.
Price trend
The close of JPY 6,234 is 0.4% under the 200-day average of JPY 6,259.04 and 3.9% above the 50-day average of JPY 5,997.60. Nine sessions ago the 50-day average crossed below the 200-day, a so-called death cross, the classic sign of a trend turning lower. The stock fell 1.4% on the day and is down 10.4% over three months, yet up 27.9% this year and 32.2% over one year. Its typical daily swing is about 2.2%.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.