SAFETY INSURANCE GROUP INC (SAFT) Stock Technical Analysis
NASDAQ:SAFT - Nasdaq - US78648T1007 - Common Stock - Currency: USD
Taking everything into account, SAFT scores 7 out of 10 in our technical rating. SAFT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
SAFT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, SAFT did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SAFT is an average performer in the Insurance industry, it outperforms 62% of 142 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.
Besides having an excellent technical rating, SAFT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 80.91, 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 78.62 to 80.91. 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 76.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 82.53 to 82.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @84.19 from a trend line in the daily time frame.
- 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 | 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 | 73.67 | POSITIVE | SAFT has a high relative strength, it outperformed 73.67% off all stocks 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) | 57.63 | NEUTRAL | The RSI value for SAFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SAFT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.69 | NEUTRAL | The Stochastics value for SAFT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for SAFT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for SAFT suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 82.66 | 80.10 | 2.56 (3.10%) | 25.00% |
| An entry @82.66. This is a Buy Stop order right above the resistance zone. | An exit @80.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.56 points, which is 3.10%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
82.14
-0.58 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.7%
1 Week0.33%
2 Weeks-0.63%
1 Month7.77%
3 Month7.88%
6 Month-4.31%
12 Month6.19%
2 Year12.8%
3 Year-11.54%
5 Year7.74%
10 Year47.2%
15 Year127.35%
Volatility
ATR(14)1.94
ATR(20)%2.24%
ATR Inc-43.89%
Range Today1.03
ADR(20)1.79
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.67
Mansfield-0.12
10 Day High84.2
10 Day Low80.11
20 Day High84.2
20 Day Low76
52 Week High90
52 Week Low70.71
CS1 End80.91
CR1 Start82.53
Volume & EV
DER(3)-1.28%
DER(5)-0.51%
Volume57.20K
Volume Incr-14.45%
Vol(5)39.34K
Vol(50)57.81K