SAFETY INSURANCE GROUP INC (SAFT) Stock Technical Analysis
NASDAQ:SAFT • US78648T1007
Overall SAFT gets a technical rating of 8 out of 10. Although SAFT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- SAFT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SAFT is lagging the market slightly.
- In the last month SAFT has a been trading in the 74.47 - 81.49 range, which is quite wide. It is currently trading near the high of this range.
- 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 48% of all stocks.
- SAFT is an average performer in the Insurance industry, it outperforms 66% of 149 stocks in the same industry.
Besides having an excellent technical rating, SAFT also presents a decent setup pattern. 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 80.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.17, a Stop Loss order could be placed below this zone.
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68.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 79.57 to 80.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.42 to 78.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.39 to 75.14. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.44 to 80.44. 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 | UP | POSITIVE | The long term trend for SAFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAFT is up. |
| ChartMill Relative Strength | 48.87 | 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) | UP | POSITIVE | The current price of SAFT is above the rising 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) | 60.4 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SAFT has a positive trend. |
| Stochastics (14,3) | 74.72 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for SAFT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.45 | 79.56 | 0.89 (1.11%) | 25.00% |
| An entry @80.45. This is a Buy Stop order right above the resistance zone. | An exit @79.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 1.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- The distance between exit and entry is rather small compared to the average daily movement of SAFT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.43
+1.1 (+1.39%)
SAFETY INSURANCE GROUP INC / SAFT FAQ
What is the technical rating for SAFT stock?
ChartMill assigns a technical rating of 8 / 10 to SAFT.
What is the trend direction for SAFT stock?
The current trend direction for SAFETY INSURANCE GROUP INC (SAFT) is Bullish.
Can you provide the RSI signal for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has an RSI value of 60.3982. 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 positive.
Can you provide the support and resistance levels for SAFETY INSURANCE GROUP INC?
SAFETY INSURANCE GROUP INC (SAFT) has a support level at 80.17 and a resistance level at 80.44. Check the full technical report for our detailed analysis of SAFT support and resistance levels.