SAFETY INSURANCE GROUP INC (SAFT) Stock Technical Analysis
NASDAQ:SAFT - Nasdaq - US78648T1007 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SAFT. 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 76.91 - 82.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 44% of all stocks.
SAFT is an average performer in the Insurance industry, it outperforms 42% of 144 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SAFT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 79.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 78.62, a Stop Loss order could be placed below this zone.
More info and screens
74.52
89.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 76.69 to 79.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.27 to 75.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @79.52 from a horizontal line in the daily time frame.
- A resistance zone ranging from 82.10 to 82.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 87.16 to 88.81. 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 | NEUTRAL | NEUTRAL | The short term trend for SAFT is neutral. |
| ChartMill Relative Strength | 44.61 | NEUTRAL | SAFT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SAFT is above the rising 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) | 50.26 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SAFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.29 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.53 | 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)
NASDAQ:SAFT (7/1/2025, 11:47:34 AM)
79.46
+0.07 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.09%
1 Week0.01%
2 Weeks0.81%
1 Month-3.35%
3 Month4.13%
6 Month-3.72%
12 Month5.95%
2 Year10.69%
3 Year-18.24%
5 Year4.1%
10 Year37.57%
15 Year114.45%
Volatility
ATR(14)1.57
ATR(20)%2.06%
ATR Inc-19.56%
Range Today1.63
ADR(20)1.6
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.61
Mansfield-0.83
10 Day High80.49
10 Day Low76.91
20 Day High82.3
20 Day Low76.91
52 Week High90
52 Week Low70.71
CS1 End78.62
CR1 Start79.1
Volume & EV
DER(3)-0.77%
DER(5)-0.54%
Volume99.56K
Volume Incr113.14%
Vol(5)132.18K
Vol(50)61.63K