SAFETY INSURANCE GROUP INC (SAFT) Technical Analysis
NASDAQ:SAFT • US78648T1007
Overall SAFT gets a technical rating of 0 out of 10. SAFT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, SAFT is a bad performer in the overall market: 75% of all stocks are doing better.
- SAFT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SAFT is lagging the market.
- In the last month SAFT has a been trading in the 70.69 - 80.88 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- SAFT is an average performer in the Insurance industry, it outperforms 50% of 149 stocks in the same industry.
The technical rating of SAFT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
68.04
When analyzing the support we notice one important area.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 74.39 to 74.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 76.27 to 76.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.66 to 80.43. 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 | NEUTRAL | NEUTRAL | The long term trend for SAFT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAFT is down. |
| ChartMill Relative Strength | 25.25 | NEGATIVE | SAFT has a low relative strength, it was outperformed by 74.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SAFT is below 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) | 29.6 | OVERSOLD | The low RSI value suggests SAFT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests SAFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.36 | OVERSOLD | The low Stochastics value suggests SAFT may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for SAFT suggests a possible start of a new trend. |
SAFT Technicals: Chart, Performance Metrics, Trend & Indicators
72.07
+0.33 (+0.46%)
SAFETY INSURANCE GROUP INC / SAFT FAQ
What is the technical rating for SAFT stock?
ChartMill assigns a technical rating of 0 / 10 to SAFT.
What is the trend direction for SAFT stock?
The current trend direction for SAFETY INSURANCE GROUP INC (SAFT) is Bearish.
Can you provide the RSI signal for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has an RSI value of 29.6047. This indicates that the stock is currently oversold.
What is the short term momentum for SAFETY INSURANCE GROUP INC (SAFT) stock?
The short term momentum for SAFETY INSURANCE GROUP INC (SAFT) is negative.
Can you provide the support and resistance levels for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 69.3 and a resistance level at 74.39. Check the full technical report for our detailed analysis of SAFT support and resistance levels.