SARO Technical Analysis - STANDARDAERO INC

Technical Rating and Analysis

Overall SARO gets a technical rating of 0 out of 10. SARO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

100% of all other stocks performed better in the past year than SARO.

SARO is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, of which 91% are performing better than SARO.

In the last month SARO has a been trading in the 25.77 - 28.35 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

SARO has an average volume of 1603050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

SARO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SARO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STANDARDAERO INC / SARO Weekly stock chart

STANDARDAERO INC / SARO Daily stock chart

Setup Rating and Analysis

SARO has a bad technical rating, but it does show 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 26.18, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.90

28.84

We found 2 important support areas.

Support @26.18 from a horizontal line in the daily time frame.
Support @23.13 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 27.01 to 27.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @28.55 from a horizontal line in the daily 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 SARO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SARO is down.
ChartMill Relative Strength	0	NEGATIVE	SARO has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SARO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SARO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SARO is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.51	NEUTRAL	The RSI value for SARO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SARO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.25	OVERSOLD	The low Stochastics value suggests SARO may be oversold.
Average True Range in percent/ATR (20)	2.76	MEDIUM VOLATILITY	The ATR as a percentage value for SARO suggests some volalility.
Average Directional Index/ADX (14)	17.95	NEGATIVE	The low ADX value for SARO suggests a weak or negative trend.