Logo image of SAFM

SANDERSON FARMS INC (SAFM) Stock Technical Analysis

NASDAQ:SAFM - Nasdaq - US8000131040 - Common Stock - Currency: USD

204  -5.25 (-2.51%)

After market: 204 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, SAFM scores 8 out of 10 in our technical rating. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SAFM is one of the better performing stocks in the market, outperforming 89% of all stocks.
SAFM is one of the better performing stocks in the Food Products industry, it outperforms 87% of 91 stocks in the same industry.
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.
Weekly and Daily overview Charts
SANDERSON FARMS INC / SAFM Weekly stock chart
SANDERSON FARMS INC / SAFM Daily stock chart
Setup Rating and Analysis

2

Although SAFM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

175.94

222.11

5 important support areas can be observed.

  • 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.

When analyzing the resistance we notice one important 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SAFM is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for SAFM is neutral.
ChartMill Relative Strength89.72POSITIVESAFM has a high relative strength, it outperformed 89.72% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of SAFM is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SAFM is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SAFM is above the rising SMA(200).
Relative Strength Index/RSI (14)38.2NEUTRALThe RSI value for SAFM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-1.76NEGATIVEThe MACD value suggests SAFM has a negative trend.
Stochastics (14,3)26.91NEUTRALThe Stochastics value for SAFM is a neutral value.
Average True Range in percent/ATR (20)2.05MEDIUM VOLATILITYThe ATR as a percentage value for SAFM suggests some volalility.
Chart- and CandleStick Pattern Analysis
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)
SANDERSON FARMS INC / SAFM Daily stock chart

SANDERSON FARMS INC

NASDAQ:SAFM (7/21/2022, 8:14:28 PM)

After market: 204 0 (0%)

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