SAIA INC (SAIA) Stock Technical Analysis
NASDAQ:SAIA - Nasdaq - US78709Y1055 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SAIA. SAIA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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 269.18 - 313.54 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.
When compared to the yearly performance of all other stocks, SAIA outperforms 44% of them, which is more or less in line with the market.
SAIA is an average performer in the Ground Transportation industry, it outperforms 56% of 40 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, SAIA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 311.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 296.68, a Stop Loss order could be placed below this zone.
More info and screens
255.62
550.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 285.77 to 296.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @268.95 from a trend line in the daily time frame.
- Support @258.20 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 311.80 to 311.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @545.16 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 | 44.2 | NEUTRAL | SAIA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SAIA is above the rising 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) | 64.71 | NEUTRAL | The RSI value for SAIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.46 | POSITIVE | The MACD value suggests SAIA has a positive trend. |
| Stochastics (14,3) | 85.38 | OVERBOUGHT | The high Stochastics value suggests SAIA may be overbought. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SAIA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | 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)
311.79
+0.81 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.26%
1 Week6.91%
2 Weeks1.63%
1 Month15.44%
3 Month26.93%
6 Month-36.92%
12 Month-21.35%
2 Year-26.32%
3 Year31.09%
5 Year161.02%
10 Year618.08%
15 Year2997.25%
Volatility
ATR(14)11.32
ATR(20)%3.57%
ATR Inc-15.35%
Range Today10.31
ADR(20)10.64
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.2
Mansfield-2.76
10 Day High313.54
10 Day Low284.99
20 Day High313.54
20 Day Low269.18
52 Week High624.55
52 Week Low229.12
CS1 End296.68
CR1 Start311.8
Volume & EV
DER(3)-0.63%
DER(5)-0.07%
Volume1.19M
Volume Incr22.88%
Vol(5)769.35K
Vol(50)649.41K