SAIHEAT LTD (SAIH) Stock Technical Analysis
NASDAQ:SAIH - Nasdaq - KYG7852T2021 - Common Stock - Currency: USD
Overall SAIH gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SAIH was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SAIH is a bad performer in the overall market: 100% of all stocks are doing better.
SAIH is part of the Software industry. There are 284 other stocks in this industry, of which 90% are performing better than SAIH.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SAIH has a been trading in the 5.36 - 9.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SAIH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.38
8.15
We found 1 important support area.
- A support zone ranging from 7.45 to 7.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @7.86 from a trend line in the daily time frame.
- Resistance @8.07 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SAIH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAIH is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SAIH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAIH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAIH is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.16 | NEUTRAL | The RSI value for SAIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SAIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.82 | NEUTRAL | The Stochastics value for SAIH is a neutral value. |
| Average True Range in percent/ATR (20) | 15.37 | HIGH VOLATILITY | The high ATR as a percentage value for SAIH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.26 | POSITIVE | The high ADX value value for SAIH 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)
7.5
-0.09 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.19%
1 Week3.16%
2 Weeks-6.95%
1 Month23.36%
3 Month33.21%
6 Month-37.15%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%15.37%
ATR Inc-32.76%
Range Today0.64
ADR(20)1.09
ADR(20)%14.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High8.45
10 Day Low6.31
20 Day High9
20 Day Low5.36
52 Week HighN/A
52 Week LowN/A
CS1 End7.49
CR1 Start7.86
Volume & EV
DER(3)-3.38%
DER(5)2.89%
Volume15.10K
Volume Incr-59.25%
Vol(5)16.82K
Vol(50)51.59K