SAIA INC (SAIA) Stock Technical Analysis
NASDAQ:SAIA - Nasdaq - US78709Y1055 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SAIA. Recently some decent action could be observed, but in the medium term time frame this is still negative. SAIA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SAIA is a bad performer in the overall market: 92% of all stocks are doing better.
SAIA is part of the Ground Transportation industry. There are 40 other stocks in this industry, of which 84% are performing better than SAIA.
SAIA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SAIA has a been trading in the 248.37 - 298.05 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of SAIA is bad and it also does not present a quality setup 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
248.91
552.74
When analyzing the support we can see 2 important areas.
- Support @261.28 from a trend line in the daily time frame.
- A support zone ranging from 251.42 to 251.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 294.80 to 294.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @389.05 from a trend line in the daily time frame.
- Resistance @547.27 from a trend line in the weekly time frame.
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 SAIA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAIA is up. |
| ChartMill Relative Strength | 8.26 | NEGATIVE | SAIA has a low relative strength, it was outperformed by 91.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAIA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SAIA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAIA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.53 | NEUTRAL | The RSI value for SAIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.43 | POSITIVE | The MACD value suggests SAIA has a positive trend. |
| Stochastics (14,3) | 89.75 | OVERBOUGHT | The high Stochastics value suggests SAIA may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SAIA suggests some volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for SAIA suggests a weak or negative 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)
294.79
+0.99 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.34%
1 Week8.88%
2 Weeks13.17%
1 Month11.21%
3 Month-8.56%
6 Month-36.64%
12 Month-36.5%
2 Year-30.33%
3 Year23.94%
5 Year146.79%
10 Year578.93%
15 Year2828.38%
Volatility
ATR(14)9.78
ATR(20)%3.52%
ATR Inc6.95%
Range Today8.31
ADR(20)10.01
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.26
Mansfield-3.24
10 Day High298.05
10 Day Low253.83
20 Day High298.05
20 Day Low248.37
52 Week High624.55
52 Week Low229.12
CS1 End259.09
CR1 Start277.27
Volume & EV
DER(3)0.23%
DER(5)0.13%
Volume309.10K
Volume Incr-14.03%
Vol(5)621.66K
Vol(50)847.85K