SACHEM CAPITAL CORP (SACH) Stock Technical Analysis
NYSEARCA:SACH - NYSE Arca - US78590A1097 - REIT - Currency: USD
Overall SACH gets a technical rating of 1 out of 10. SACH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than SACH.
SACH is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 81% of 67 stocks in the same industry do better.
SACH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SACH has a been trading in the 1.10 - 1.24 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, SACH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.16, a Stop Loss order could be placed below this zone.
More info and screens
1.10
1.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.14 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.28 to 1.33. 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 | DOWN | NEGATIVE | The long term trend for SACH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SACH is neutral. |
| ChartMill Relative Strength | 15.98 | NEGATIVE | SACH has a low relative strength, it was outperformed by 84.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SACH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SACH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SACH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for SACH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SACH has a positive trend. |
| Stochastics (14,3) | 51.56 | NEUTRAL | The Stochastics value for SACH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for SACH suggests some volalility. |
| Average Directional Index/ADX (14) | 12.08 | NEGATIVE | The low ADX value for SACH 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)
1.17
+0.02 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.74%
1 Week3.54%
2 Weeks0.86%
1 Month-6.4%
3 Month27.17%
6 Month7.34%
12 Month-51.45%
2 Year-66.28%
3 Year-73.53%
5 Year-67.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.58%
ATR Inc-19.35%
Range Today0.04
ADR(20)0.04
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.98
Mansfield-2.57
10 Day High1.19
10 Day Low1.1
20 Day High1.24
20 Day Low1.1
52 Week High2.7
52 Week Low0.8
CS1 End1.16
CR1 Start1.28
Volume & EV
DER(3)-5.3%
DER(5)-12.46%
Volume105.10K
Volume Incr0.93%
Vol(5)127.00K
Vol(50)172.02K