SAFETY INSURANCE GROUP INC (SAFT) Stock Technical Analysis
USA - NASDAQ:SAFT - US78648T1007 - Common Stock
73.94 USD
-1.02 (-1.36%)
73.94 USD
0 (0%)
Overall SAFT gets a technical rating of 0 out of 10. SAFT 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.
83% of all other stocks performed better in the past year than SAFT.
SAFT is part of the Insurance industry. There are 146 other stocks in this industry, of which 73% are performing better than SAFT.
SAFT 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 SAFT has a been trading in a tight range between 71.67 and 75.93.
SAFT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 74.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
68.61
88.03
2 important support areas can be observed.
- A support zone ranging from 72.70 to 73.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 69.30 to 69.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 74.16 to 74.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @78.62 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 80.64 to 80.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 82.53 to 83.49. 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 | DOWN | NEGATIVE | The long term trend for SAFT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAFT is neutral. |
| ChartMill Relative Strength | 17.48 | NEGATIVE | SAFT has a low relative strength, it was outperformed by 82.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SAFT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SAFT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.11 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SAFT has a positive trend. |
| Stochastics (14,3) | 54.46 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for SAFT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for SAFT 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)
73.94
-1.02 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.36%
1 Week1.87%
2 Weeks0.34%
1 Month-0.6%
3 Month-6.11%
6 Month-5.37%
12 Month-10.56%
2 Year8.43%
3 Year-9.34%
5 Year7.02%
10 Year36.55%
15 Year75.96%
Volatility
ATR(14)1.41
ATR(20)%1.93%
ATR Inc14.85%
Range Today0.89
ADR(20)1.33
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.48
Mansfield-1.53
10 Day High75.07
10 Day Low71.67
20 Day High75.93
20 Day Low71.67
52 Week High90
52 Week Low68.76
CS1 End73.56
CR1 Start74.16
Volume & EV
DER(3)1.72%
DER(5)1.08%
Volume47.20K
Volume Incr-14.84%
Vol(5)87.50K
Vol(50)90.49K