Taking everything into account, SAFT scores 3 out of 10 in our technical rating. In the last year, SAFT was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month SAFT has a been trading in the 74.36 - 79.47 range, which is quite wide. It is currently trading near the lows of this range.
- SAFT is one of the better performing stocks in the Insurance industry, it outperforms 70% of 149 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, SAFT turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- SAFT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAFT is lagging the market.
SAFT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 76.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.79, a Stop Loss order could be placed below this zone.
More info and screens
66.70
We found 3 important support areas.
- A support zone ranging from 74.39 to 75.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 76.56 to 78.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.92 to 80.17. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SAFT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAFT is neutral. |
| ChartMill Relative Strength | 52.63 | NEUTRAL | SAFT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SAFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.53 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SAFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.67 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for SAFT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for SAFT suggests a weak or negative trend. |
75.87
-0.13 (-0.17%)
SAFETY INSURANCE GROUP INC / SAFT FAQ
What is the technical rating for SAFT stock?
ChartMill assigns a technical rating of 3 / 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 47.5317. This indicates that the stock is currently neutral.
What is the short term momentum for SAFETY INSURANCE GROUP INC (SAFT) stock?
The short term momentum for SAFETY INSURANCE GROUP INC (SAFT) is neutral.
Can you provide the support and resistance levels for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 75.79 and a resistance level at 76.56. Check the full technical report for our detailed analysis of SAFT support and resistance levels.