We assign a technical rating of 7 out of 10 to SAFT. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SAFT is a bad performer.
SAFT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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66.70
2 important support areas can be observed.
- A support zone ranging from 68.73 to 69.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 76.11 to 76.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.88 to 79.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @87.16 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SAFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAFT is up. |
| ChartMill Relative Strength | 33.6 | NEUTRAL | SAFT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SAFT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.53 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SAFT has a negative trend. |
| Stochastics (14,3) | 47.02 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.9 | POSITIVE | The high ADX value value for SAFT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.76 | 74.86 | 1.90 (2.48%) | 25.00% |
| An entry @76.76. This is a Buy Stop order right above the resistance zone. | An exit @74.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.90 points, which is 2.48%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SAFT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.28
-0.74 (-0.97%)
SAFETY INSURANCE GROUP INC / SAFT FAQ
What is the technical rating for SAFT stock?
ChartMill assigns a technical rating of 7 / 10 to SAFT.
What is the current trend direction of SAFETY INSURANCE GROUP INC (SAFT) stock?
The current trend direction for SAFETY INSURANCE GROUP INC (SAFT) is Bullish.
Can you provide the RSI signal for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has an RSI value of 54.5258. This indicates that the stock is currently neutral.
What is the short term momentum for SAFT stock?
The short term momentum for SAFETY INSURANCE GROUP INC (SAFT) is positive.
What are the support and resistance levels for SAFETY INSURANCE GROUP INC (SAFT) stock?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 69.3 and a resistance level at 76.11. Check the full technical report for our detailed analysis of SAFT support and resistance levels.