SAPUTO INC (SAP.CA) Stock Technical Analysis
TSX:SAP - Toronto Stock Exchange - CA8029121057 - Common Stock - Currency: CAD
Taking everything into account, SAP scores 7 out of 10 in our technical rating. Although SAP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.75, a Stop Loss order could be placed below this zone. 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
22.63
3 important support areas can be observed.
- A support zone ranging from 25.81 to 26.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.76 to 24.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.86 to 23.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 26.82 to 26.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.43 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 | UP | POSITIVE | The long term trend for SAP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAP.CA is up. |
| ChartMill Relative Strength | 30.05 | NEUTRAL | SAP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SAP.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.31 | NEUTRAL | The RSI value for SAP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SAP.CA has a positive trend. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests SAP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for SAP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for SAP.CA 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 |
|---|---|---|---|
| 26.91 | 25.92 | 0.99 (3.68%) | 25.00% |
| An entry @26.91. This is a Buy Stop order right above the resistance zone. | An exit @25.92. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.99 points, which is 3.68%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
TSX:SAP (6/2/2025, 7:00:00 PM)
26.81
+0.37 (+1.4%)