STANDARDAERO INC (SARO) Stock Technical Analysis
USA - NYSE:SARO - US85423L1035 - Common Stock
Taking everything into account, SARO scores 7 out of 10 in our technical rating. In the last year, SARO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, SARO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.77, a Stop Loss order could be placed below this zone.
More info and screens
25.92
We found 2 important support areas.
- A support zone ranging from 28.53 to 28.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.18 to 27.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.63 to 31.65. 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 SARO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SARO is up. |
| ChartMill Relative Strength | 46.85 | NEUTRAL | SARO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SARO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SARO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SARO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for SARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SARO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.06 | NEUTRAL | The Stochastics value for SARO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SARO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.91 | NEUTRAL | The ADX value for SARO suggests a possible start of a new 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 |
|---|---|---|---|
| 29.40 | 28.52 | 0.88 (2.99%) | 25.00% |
| An entry @29.40. This is a Buy Stop order right above the 10 day high. | An exit @28.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.88 points, which is 2.99%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SARO. Please evaluate whether better entry and exit points can be found.
- 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.
28.89
+0.34 (+1.19%)
STANDARDAERO INC / SARO FAQ
What is the ChartMill technical rating of STANDARDAERO INC (SARO) stock?
ChartMill assigns a technical rating of 7 / 10 to SARO.
What is the current trend direction of STANDARDAERO INC (SARO) stock?
The current trend direction for STANDARDAERO INC (SARO) is Bullish.
What is the RSI signal for STANDARDAERO INC (SARO) stock?
STANDARDAERO INC (SARO) has an RSI value of 59.2491. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STANDARDAERO INC?
The short term momentum for STANDARDAERO INC (SARO) is positive.
What is the buy/sell signal for STANDARDAERO INC (SARO) stock?
The buy/sell signal for STANDARDAERO INC (SARO) is buy as both the short term and long term trends are positive.