SONIC AUTOMOTIVE INC-CLASS A (SAH) Stock Technical Analysis
NYSE:SAH - New York Stock Exchange, Inc. - US83545G1022 - Common Stock - Currency: USD
Overall SAH gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SAH is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SAH is one of the better performing stocks in the market, outperforming 92% of all stocks.
SAH is one of the better performing stocks in the Specialty Retail industry, it outperforms 85% of 121 stocks in the same industry.
SAH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SAH has a been trading in the 75.03 - 89.62 range, which is quite wide. It is currently trading near the high of this range.
Although SAH has an excellent technical rating, it does not present a decent entry opportunity 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
53.08
89.14
6 important support areas can be observed.
- Support @83.95 from a trend line in the daily time frame.
- A support zone ranging from 79.93 to 80.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @57.73 from a trend line in the weekly time frame.
- Support @56.73 from a horizontal line in the daily time frame.
- Support @54.62 from a horizontal line in the weekly time frame.
- Support @53.62 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.26 to 88.26. 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 SAH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAH is up. |
| ChartMill Relative Strength | 92.24 | POSITIVE | SAH has a high relative strength, it outperformed 92.24% off all stocks 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 | POSITIVE | The current price of SAH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.77 | OVERBOUGHT | The high RSI value suggests SAH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests SAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.24 | OVERBOUGHT | The high Stochastics value suggests SAH may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 53.73 | POSITIVE | The high ADX value value for SAH suggests a strong 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)
88.25
+0.79 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.9%
1 Week0.78%
2 Weeks10.4%
1 Month15.16%
3 Month46.89%
6 Month39.24%
12 Month55.67%
2 Year84.28%
3 Year110.87%
5 Year131.51%
10 Year278.92%
15 Year792.32%
Volatility
ATR(14)2.46
ATR(20)%2.55%
ATR Inc24.37%
Range Today2.61
ADR(20)2.17
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.24
Mansfield2.64
10 Day High89.62
10 Day Low79.07
20 Day High89.62
20 Day Low75.03
52 Week High89.62
52 Week Low52
CS1 End83.95
CR1 Start88.26
Volume & EV
DER(3)3.79%
DER(5)1.04%
Volume241.50K
Volume Incr29.99%
Vol(5)244.28K
Vol(50)194.12K