BOSTON BEER COMPANY INC-A (SAM) Stock Technical Analysis
NYSE:SAM • US1005571070
Overall SAM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SAM is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the performance of all stocks over the past year, SAM turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- SAM is an average performer in the Beverages industry, it outperforms 59% of 33 stocks in the same industry.
- SAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAM is lagging the market.
- In the last month SAM has a been trading in the 208.04 - 254.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SAM has an excellent technical rating, the quality of the presented setup is not ideal 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
185.19
We found 4 important support areas.
- A support zone ranging from 231.17 to 234.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 219.28 to 220.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @191.38 from a horizontal line in the daily time frame.
- Support @187.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 247.58 to 250.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAM is up. |
| ChartMill Relative Strength | 64.97 | NEUTRAL | SAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAM is above the rising 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 | MIXED | The current price of SAM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.19 | NEUTRAL | The RSI value for SAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.34 | NEGATIVE | The MACD value suggests SAM has a negative trend. |
| Stochastics (14,3) | 52.49 | NEUTRAL | The Stochastics value for SAM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for SAM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.81 | POSITIVE | The high ADX value value for SAM suggests a strong trend. |
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+3.51 (+1.52%)
BOSTON BEER COMPANY INC-A / SAM FAQ
What is the ChartMill technical rating of BOSTON BEER COMPANY INC-A (SAM) stock?
ChartMill assigns a technical rating of 8 / 10 to SAM.
What is the trend direction for SAM stock?
The current trend direction for BOSTON BEER COMPANY INC-A (SAM) is Bullish.
What is the RSI signal for BOSTON BEER COMPANY INC-A (SAM) stock?
BOSTON BEER COMPANY INC-A (SAM) has an RSI value of 56.1897. This indicates that the stock is currently neutral.
What is the MACD signal for SAM stock?
The MACD indicator for BOSTON BEER COMPANY INC-A (SAM) has a value of -1.33892, indicating a bearish trend.
What is the short term momentum for BOSTON BEER COMPANY INC-A (SAM) stock?
The short term momentum for BOSTON BEER COMPANY INC-A (SAM) is positive.