SAM Technical Analysis - BOSTON BEER COMPANY INC-A

Technical Rating and Analysis

Overall SAM gets a technical rating of 3 out of 10. In the past year, SAM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

74% of all other stocks performed better in the past year than SAM.

SAM 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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

SAM is part of the Beverages industry. There are 32 other stocks in this industry. SAM outperforms 70% of them.

In the last month SAM has a been trading in the 210.76 - 229.12 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BOSTON BEER COMPANY INC-A / SAM Weekly stock chart

BOSTON BEER COMPANY INC-A / SAM Daily stock chart

Setup Rating and Analysis

SAM has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

209.30

275.74

2 important support areas can be observed.

Support @224.74 from a horizontal line in the daily time frame.
A support zone ranging from 211.41 to 219.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 248.09 to 249.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @273.01 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 SAM is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SAM is up.
ChartMill Relative Strength	26.33	NEGATIVE	SAM has a low relative strength, it was outperformed by 73.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of SAM is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SAM is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SAM is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.2	NEUTRAL	The RSI value for SAM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.42	POSITIVE	The MACD value suggests SAM has a positive trend.
Stochastics (14,3)	71.53	NEUTRAL	The Stochastics value for SAM is a neutral value.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for SAM suggests some volalility.
Average Directional Index/ADX (14)	17.55	NEGATIVE	The low ADX value for SAM suggests a weak or negative trend.