SENDAS DISTRIBUIDORA SA (ASAI) Stock Technical Analysis
NYSE:ASAI - New York Stock Exchange, Inc. - US81689T1043 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to ASAI. ASAI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than ASAI.
ASAI is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 89% are performing better than ASAI.
ASAI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ASAI has a been trading in the 4.05 - 5.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ASAI does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for ASAI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.25
6.30
When analyzing the support we notice one important area.
- A support zone ranging from 4.29 to 4.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.68 to 4.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.37 from a trend line in the daily time frame.
- Resistance @6.24 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ASAI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASAI is down. |
| ChartMill Relative Strength | 4.86 | NEGATIVE | ASAI has a low relative strength, it was outperformed by 95.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASAI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASAI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.44 | NEUTRAL | The RSI value for ASAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ASAI has a positive trend. |
| Stochastics (14,3) | 78.09 | NEUTRAL | The Stochastics value for ASAI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for ASAI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for ASAI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.67
+0.08 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.74%
1 Week4.47%
2 Weeks0.65%
1 Month-7.52%
3 Month-22.55%
6 Month-55.14%
12 Month-68.14%
2 Year-75.79%
3 Year-60.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%6.09%
ATR Inc-1.24%
Range Today0.29
ADR(20)0.23
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.86
Mansfield-5.76
10 Day High4.77
10 Day Low4.27
20 Day High5.71
20 Day Low4.06
52 Week High15.25
52 Week Low4.06
CS1 End4.35
CR1 Start4.68
Volume & EV
DER(3)4.51%
DER(5)3.55%
Volume1.54M
Volume Incr-40.66%
Vol(5)727.98K
Vol(50)895.74K