SAFETY INSURANCE GROUP INC (SAFT) Technical Analysis
NASDAQ:SAFT • US78648T1007
Current stock price
SAFT Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SAFT is a bad performer in the overall market: 72% of all stocks are doing better.
- SAFT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- SAFT is an average performer in the Insurance industry, it outperforms 55% of 147 stocks in the same industry.
- SAFT is currently trading in the middle 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 slightly.
SAFT Weekly and Daily overview Charts
SAFT Setup Rating and Analysis
Although the technical rating is bad, SAFT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 72.55, a Stop Loss order could be placed below this zone.
More info and screens
SAFT Support and Resistance Analysis
68.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 71.74 to 72.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 72.76 to 76.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.39 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 | DOWN | NEGATIVE | The long term trend for SAFT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAFT is down. |
| ChartMill Relative Strength | 28.07 | NEGATIVE | SAFT has a low relative strength, it was outperformed by 71.93% 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) | 41.72 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SAFT has a positive trend. |
| Stochastics (14,3) | 54.68 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | 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
72.71
-0.59 (-0.8%)
SAFETY INSURANCE GROUP INC / SAFT TA 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 41.7218. 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 negative.
Can you provide the support and resistance levels for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 72.55 and a resistance level at 72.76. Check the full technical report for our detailed analysis of SAFT support and resistance levels.