SONIC AUTOMOTIVE INC-CLASS A (SAH) Stock Technical Analysis
NYSE:SAH • US83545G1022
Overall SAH gets a technical rating of 4 out of 10. In the past year, SAH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- In the last month SAH has a been trading in the 54.11 - 67.06 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, SAH turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- SAH is an average performer in the Specialty Retail industry, it outperforms 49% of 123 stocks in the same industry.
- SAH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAH is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SAH has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
57.70
We found 2 important support areas.
- A support zone ranging from 59.68 to 60.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.64 to 66.64. 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 SAH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAH is neutral. |
| ChartMill Relative Strength | 44.16 | NEUTRAL | SAH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SAH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.74 | NEUTRAL | The RSI value for SAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests SAH has a positive trend. |
| Stochastics (14,3) | 90.41 | OVERBOUGHT | The high Stochastics value suggests SAH may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.26 | NEGATIVE | The low ADX value for SAH suggests a weak or negative trend. |
66.63
+2.1 (+3.25%)
SONIC AUTOMOTIVE INC-CLASS A / SAH FAQ
What is the ChartMill technical rating of SONIC AUTOMOTIVE INC-CLASS A (SAH) stock?
ChartMill assigns a technical rating of 4 / 10 to SAH.
What is the current trend direction of SONIC AUTOMOTIVE INC-CLASS A (SAH) stock?
The current trend direction for SONIC AUTOMOTIVE INC-CLASS A (SAH) is Bearish.
Can you provide the RSI signal for SONIC AUTOMOTIVE INC-CLASS A?
SONIC AUTOMOTIVE INC-CLASS A (SAH) has an RSI value of 62.7404. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SONIC AUTOMOTIVE INC-CLASS A?
The MACD indicator for SONIC AUTOMOTIVE INC-CLASS A (SAH) has a value of 0.612768, indicating a bearish trend.
Can you provide the short term momentum for SONIC AUTOMOTIVE INC-CLASS A?
The short term momentum for SONIC AUTOMOTIVE INC-CLASS A (SAH) is neutral.