SABE Technical Analysis - SAINT JEAN GROUPE SA

Technical Rating and Analysis

Overall SABE gets a technical rating of 7 out of 10. In the last year, SABE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Warning: SABE has an average volume of 376 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

SABE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SABE is lagging the market slightly.

In the last month SABE has a been trading in the 18.80 - 20.80 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, SABE turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.

SABE is an average performer in the Food Products industry, it outperforms 65% of 59 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SAINT JEAN GROUPE SA / SABE Weekly stock chart

SAINT JEAN GROUPE SA / SABE Daily stock chart

Setup Rating and Analysis

Although SABE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.41

21.01

When analyzing the support we can see 2 important areas.

A support zone ranging from 19.54 to 19.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 18.60 to 19.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @20.80 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 SABE.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SABE.PA is up.
ChartMill Relative Strength	59.71	NEUTRAL	SABE.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SABE.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SABE.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of SABE.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	65.85	NEUTRAL	The RSI value for SABE.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests SABE.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	100	OVERBOUGHT	The high Stochastics value suggests SABE.PA may be overbought.
Average True Range in percent/ATR (20)	0.84	LOW VOLATILITY	The low ATR as a percentage value for SABE.PA suggests low volalility.
Average Directional Index/ADX (14)	14.95	NEGATIVE	The low ADX value for SABE.PA suggests a weak or negative trend.