SONIC AUTOMOTIVE INC-CLASS A (SAH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SAH - US83545G1022 - Common Stock
We assign a technical rating of 1 out of 10 to SAH. SAH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SAH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 63.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.37, a Stop Loss order could be placed below this zone.
More info and screens
54.07
We found 4 important support areas.
- A support zone ranging from 61.74 to 62.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.67 to 60.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.17 from a horizontal line in the daily time frame.
- Support @54.62 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 63.89 to 64.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.84 from a trend line in the daily time frame.
- A resistance zone ranging from 75.45 to 76.06. 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 | DOWN | NEGATIVE | The long term trend for SAH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAH is down. |
| ChartMill Relative Strength | 18.54 | NEGATIVE | SAH has a low relative strength, it was outperformed by 81.46% 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) | DOWN | NEGATIVE | The current price of SAH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.8 | NEUTRAL | The RSI value for SAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests SAH has a positive trend. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for SAH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 31.41 | POSITIVE | The high ADX value value for SAH suggests a strong trend. |
63.03
+0.16 (+0.25%)
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 1 / 10 to SAH.
Can you provide the trend direction for SONIC AUTOMOTIVE INC-CLASS A?
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 45.7961. This indicates that the stock is currently neutral.
What is the MACD signal for SAH stock?
The MACD indicator for SONIC AUTOMOTIVE INC-CLASS A (SAH) has a value of 0.596339, indicating a bearish trend.
What are the support and resistance levels for SONIC AUTOMOTIVE INC-CLASS A (SAH) stock?
SONIC AUTOMOTIVE INC-CLASS A (SAH) has a support level at 62.37 and a resistance level at 63.89. Check the full technical report for our detailed analysis of SAH support and resistance levels.