SAFETY INSURANCE GROUP INC (SAFT) Technical Analysis
NASDAQ:SAFT • US78648T1007
Current stock price
SAFT Technical Rating and Analysis
Taking everything into account, SAFT scores 3 out of 10 in our technical rating. In the past year, SAFT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, SAFT is a bad performer in the overall market: 68% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SAFT has a been trading in the 71.72 - 77.42 range, which is quite wide. It is currently trading near the high of this range.
- SAFT is part of the Insurance industry. There are 147 other stocks in this industry, SAFT did better than 54% of them.
- 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 Weekly and Daily overview Charts
SAFT Setup Rating and Analysis
SAFT has a poor technical rating and the quality of the setup is also not perfect 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
SAFT Support and Resistance Analysis
68.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 74.30 to 75.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.10 from a trend line in the daily time frame.
- Support @71.74 from a horizontal line in the daily time frame.
- Support @68.73 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 79.00 to 80.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
SAFT 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SAFT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAFT is up. |
| ChartMill Relative Strength | 32.53 | 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) | DOWN | MIXED | The current price of SAFT is above a declining 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) | 57.25 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests SAFT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.12 | OVERBOUGHT | The high Stochastics value suggests SAFT may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for SAFT suggests low volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for SAFT suggests a possible start of a new trend. |
SAFT Chart- and CandleStick Pattern Analysis
SAFT Technicals: Chart, Performance Metrics, Trend & Indicators
76.02
-0.13 (-0.17%)
SAFETY INSURANCE GROUP INC / SAFT TA 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.
What is the RSI signal for SAFT stock?
SAFETY INSURANCE GROUP INC (SAFT) has an RSI value of 57.2517. This indicates that the stock is currently neutral.
What is the MACD signal for SAFT stock?
The MACD indicator for SAFETY INSURANCE GROUP INC (SAFT) has a value of 0.35866, indicating a bearish trend.