SAFETY INSURANCE GROUP INC (SAFT) Stock Technical Analysis
USA - NASDAQ:SAFT - US78648T1007 - Common Stock
Overall SAFT gets a technical rating of 0 out of 10. SAFT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SAFT does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
66.70
When analyzing the support we can see 2 important areas.
- Support @68.72 from a horizontal line in the weekly time frame.
- Support @67.37 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 68.96 to 71.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 75.74 to 75.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 78.62 to 79.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @87.16 from a horizontal line in the weekly 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 | 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 | 21.89 | NEGATIVE | SAFT has a low relative strength, it was outperformed by 78.11% 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) | 43.33 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SAFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.61 | 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) | 22.39 | NEUTRAL | The ADX value for SAFT suggests a possible start of a new trend. |
68.73
+0.35 (+0.51%)
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 current trend direction of SAFETY INSURANCE GROUP INC (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 43.3258. This indicates that the stock is currently neutral.
What is the short term momentum for SAFT stock?
The short term momentum for SAFETY INSURANCE GROUP INC (SAFT) is negative.
What are the support and resistance levels for SAFETY INSURANCE GROUP INC (SAFT) stock?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 68.72 and a resistance level at 68.96. Check the full technical report for our detailed analysis of SAFT support and resistance levels.