SONIC AUTOMOTIVE INC-CLASS A (SAH) Stock Technical Analysis
NYSE:SAH - US83545G1022 - Common Stock
81.62 USD
-0.62 (-0.75%)
81.62 USD
0 (0%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SAH did better than 83% of all other stocks. On top of that, SAH also shows a nice and consistent pattern of rising prices.
SAH is part of the Specialty Retail industry. There are 123 other stocks in this industry. SAH outperforms 75% of them.
SAH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SAH is lagging the market slightly.
In the last month SAH has a been trading in the 72.37 - 85.08 range, which is quite wide. It is currently trading near the high of this range.
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
54.07
89.65
We found 6 important support areas.
- Support @76.24 from a trend line in the weekly time frame.
- Support @73.94 from a trend line in the daily time frame.
- A support zone ranging from 71.65 to 71.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.28 from a horizontal line in the daily time frame.
- Support @59.13 from a trend line in the weekly time frame.
- Support @54.62 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @84.05 from a trend line in the daily time frame.
- A resistance zone ranging from 88.25 to 88.76. 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 | 83.96 | POSITIVE | SAH has a high relative strength, it outperformed 83.96% 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) | 55.09 | NEUTRAL | The RSI value for SAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.95 | NEUTRAL | The Stochastics value for SAH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.06 | 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)
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 |
|---|---|---|---|
| 84.06 | 76.59 | 7.47 (8.89%) | 11.25% |
| An entry @84.06. This is a Buy Stop order right above the resistance zone. | An exit @76.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.47 points, which is 8.89%. | When investing 11.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
81.62
-0.62 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.75%
1 Week-1.99%
2 Weeks2.13%
1 Month12.5%
3 Month11.78%
6 Month22.55%
12 Month41.43%
2 Year70.9%
3 Year88.5%
5 Year103.24%
10 Year299.71%
15 Year730.32%
Volatility
ATR(14)2.36
ATR(20)%2.9%
ATR Inc-25%
Range Today1.87
ADR(20)2.23
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.96
Mansfield1.11
10 Day High85.08
10 Day Low76.6
20 Day High85.08
20 Day Low72.37
52 Week High89.62
52 Week Low52
CS1 End76.24
CR1 Start84.05
Volume & EV
DER(3)3.04%
DER(5)1.44%
Volume209.40K
Volume Incr-21.81%
Vol(5)175.80K
Vol(50)231.57K