SONIC AUTOMOTIVE INC-CLASS A (SAH) Technical Analysis
NYSE:SAH • US83545G1022
Current stock price
SAH Technical Rating and Analysis
Overall SAH gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SAH is only an average performer.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- SAH is part of the Specialty Retail industry. There are 123 other stocks in this industry. SAH outperforms 73% of them.
- In the last month SAH has a been trading in the 61.45 - 72.36 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SAH is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- 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.
SAH Weekly and Daily overview Charts
SAH Setup Rating and Analysis
SAH has an excellent technical rating, but the quality of the setup is only medium 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
SAH Support and Resistance Analysis
57.70
We found 4 important support areas.
- A support zone ranging from 63.31 to 66.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.30 from a trend line in the daily time frame.
- A support zone ranging from 59.37 to 59.96. 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 71.03 to 71.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
SAH Technical Indicator Signal Analysis
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 | 71.33 | POSITIVE | SAH has a high relative strength, it outperformed 71.33% 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) | DOWN | MIXED | The current price of SAH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.98 | NEUTRAL | The RSI value for SAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests SAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.14 | OVERBOUGHT | The high Stochastics value suggests SAH may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.63 | NEGATIVE | The low ADX value for SAH suggests a weak or negative trend. |
SAH Chart- and CandleStick Pattern Analysis
SAH Example Setup
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 |
|---|---|---|---|
| 71.79 | 65.39 | 6.40 (8.91%) | 11.22% |
| An entry @71.79. This is a Buy Stop order right above the resistance zone. | An exit @65.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.40 points, which is 8.91%. | For a 1.00% total portfolio risk, you can invest 11.22% of your capital in this trade. |
- 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.
SAH Technicals: Chart, Performance Metrics, Trend & Indicators
71.02
+0.95 (+1.36%)
SONIC AUTOMOTIVE INC-CLASS A / SAH TA FAQ
What is the ChartMill technical rating of SONIC AUTOMOTIVE INC-CLASS A (SAH) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for SAH stock?
SONIC AUTOMOTIVE INC-CLASS A (SAH) has an RSI value of 62.9792. This indicates that the stock is currently neutral.
What is the MACD signal for SONIC AUTOMOTIVE INC-CLASS A (SAH) stock?
The MACD indicator for SONIC AUTOMOTIVE INC-CLASS A (SAH) has a value of 0.388554, indicating a bearish trend.
What is the support and resistance level for SAH stock?
SONIC AUTOMOTIVE INC-CLASS A (SAH) has a support level at 66.05 and a resistance level at 71.03. Check the full technical report for our detailed analysis of SAH support and resistance levels.