SAILPOINT INC (SAIL) Stock Technical Analysis
USA - NASDAQ:SAIL - US78781J1097 - Common Stock
Taking everything into account, SAIL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SAIL is a bad performer.
Besides having an excellent technical rating, SAIL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.02, a Stop Loss order could be placed below this zone.
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19.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.45 to 21.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.19 to 19.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @22.77 from a horizontal 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 | UP | POSITIVE | The long term trend for SAIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAIL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SAIL 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 SAIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAIL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for SAIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SAIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.75 | NEUTRAL | The Stochastics value for SAIL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SAIL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.44 | NEGATIVE | The low ADX value for SAIL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.78 | 20.58 | 2.20 (9.66%) | 10.35% |
| An entry @22.78. This is a Buy Stop order right above the resistance zone. | An exit @20.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.20 points, which is 9.66%. | For a 1.00% total portfolio risk, you can invest 10.35% of your capital in this trade. |
- 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.
21.92
-0.25 (-1.13%)