Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Consumer Discretionary / Hotels, Restaurants & Leisure
Overall SRAD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRAD is showing a nice and steady performance.
Besides having an excellent technical rating, SRAD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.42, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.11 to 22.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.76 from a trend line in the daily time frame.
- A support zone ranging from 20.08 to 20.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.05 | 22.10 | 1.95 (8.11%) | 12.33% |
| An entry @24.05. This is a Buy Stop order right above the 10 day high. | An exit @22.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.95 points, which is 8.11%. | For a 1.00% total portfolio risk, you can invest 12.33% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.