SANDERSON FARMS INC (SAFM) Stock Technical Analysis
NASDAQ:SAFM - Nasdaq - US8000131040 - Common Stock - Currency: USD
Overall SAFM gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SAFM has a been trading in the 203.09 - 221.63 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SAFM did better than 89% of all other stocks.
SAFM is part of the Food Products industry. There are 91 other stocks in this industry. SAFM outperforms 91% of them.
SAFM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAFM is lagging the market.
Although SAFM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
175.94
222.11
When analyzing the support we can see 5 important areas.
- A support zone ranging from 200.93 to 203.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 192.04 to 192.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @188.01 from a horizontal line in the daily time frame.
- Support @181.67 from a horizontal line in the daily time frame.
- A support zone ranging from 177.72 to 177.72. 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 211.21 to 219.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 SAFM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAFM is neutral. |
| ChartMill Relative Strength | 89.72 | POSITIVE | SAFM has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAFM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAFM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAFM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.2 | NEUTRAL | The RSI value for SAFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.76 | NEGATIVE | The MACD value suggests SAFM has a negative trend. |
| Stochastics (14,3) | 26.91 | NEUTRAL | The Stochastics value for SAFM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFM suggests some volalility. |
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)
204
-5.25 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-2.51%
1 Week-3.75%
2 Weeks-4.65%
1 Month-2.17%
3 Month7.92%
6 Month9.04%
12 Month10.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.15
ATR(20)%2.05%
ATR Inc23.21%
Range Today6.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.72
Mansfield1.6
10 Day High216.87
10 Day Low203.09
20 Day High221.63
20 Day Low203.09
52 Week High221.63
52 Week Low175.83
CS1 End203.97
CR1 Start211.21
Volume & EV
DER(3)-4.29%
DER(5)-3.74%
Volume791.00K
Volume Incr-4.78%
Vol(5)402.44K
Vol(50)342.97K