SONIC AUTOMOTIVE INC-CLASS A (SAH) Stock Technical Analysis
NYSE:SAH - New York Stock Exchange, Inc. - US83545G1022 - Common Stock - Currency: USD
Taking everything into account, SAH scores 10 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, we notice that SAH is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, SAH also shows a nice and consistent pattern of rising prices.
SAH is one of the better performing stocks in the Specialty Retail industry, it outperforms 78% of 121 stocks in the same industry.
SAH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SAH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SAH is lagging the market slightly.
SAH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
53.00
75.99
6 important support areas can be observed.
- A support zone ranging from 66.88 to 67.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 63.07 to 63.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.53 from a horizontal line in the daily time frame.
- A support zone ranging from 56.51 to 56.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.62 from a horizontal line in the weekly time frame.
- Support @53.54 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.27 to 68.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 74.25 to 75.24. 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 | 79.63 | POSITIVE | SAH has a high relative strength, it outperformed 79.63% 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) | 59.26 | NEUTRAL | The RSI value for SAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.97 | NEUTRAL | The Stochastics value for SAH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SAH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for SAH suggests a possible start of a new 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)
67.14
-0.07 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.1%
1 Week-3.13%
2 Weeks3.47%
1 Month11.45%
3 Month-2.11%
6 Month0.86%
12 Month18.62%
2 Year62.02%
3 Year47.2%
5 Year155.48%
10 Year188.77%
15 Year578.87%
Volatility
ATR(14)2.15
ATR(20)%3.06%
ATR Inc-23.01%
Range Today1.7
ADR(20)1.88
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.63
Mansfield0.72
10 Day High71.8
10 Day Low65.57
20 Day High71.8
20 Day Low58.72
52 Week High76.78
52 Week Low51.27
CS1 End67.13
CR1 Start68.27
Volume & EV
DER(3)1.07%
DER(5)0.99%
Volume159.40K
Volume Incr-27.11%
Vol(5)157.16K
Vol(50)260.30K