SAAB AB-B (1SAAB.MI) Stock Technical Analysis
BIT:1SAAB - Euronext Milan - SE0021921269 - Common Stock - Currency: EUR
We assign a technical rating of 3 out of 10 to 1SAAB. In the last year, 1SAAB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of 1SAAB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
38.45
We found 1 important support area.
- Support @38.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.67 to 44.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1SAAB.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 1SAAB.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 1SAAB.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 74.01 | OVERBOUGHT | The high RSI value suggests 1SAAB.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.06 | POSITIVE | The MACD value suggests 1SAAB.MI has a positive trend, although the MACD value is declining. |
| Average Directional Index/ADX (14) | 28.84 | POSITIVE | The high ADX value value for 1SAAB.MI suggests a strong trend. |
BIT:1SAAB (6/4/2025, 7:00:00 PM)
44.45
-0.14 (-0.31%)