SANDY SPRING BANCORP INC (SASR) Stock Technical Analysis
NASDAQ:SASR - Nasdaq - US8003631038 - Common Stock - Currency: USD
Taking everything into account, SASR scores 2 out of 10 in our technical rating. Although SASR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month SASR has a been trading in the 26.92 - 32.76 range, which is quite wide. It is currently trading near the lows of this range.
SASR is part of the Banks industry. There are 395 other stocks in this industry. SASR outperforms 82% of them.
Looking at the yearly performance, SASR did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SASR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SASR is lagging the market slightly.
Volume is considerably higher in the last couple of days.
The technical rating of SASR is bad and it also does not present a quality setup 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
19.72
34.93
We found 2 important support areas.
- A support zone ranging from 27.60 to 27.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 28.74 to 29.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @29.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.64 to 32.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.58 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 | DOWN | NEGATIVE | The long term trend for SASR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SASR is down. |
| ChartMill Relative Strength | 85.8 | POSITIVE | SASR has a high relative strength, it outperformed 85.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SASR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SASR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SASR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.96 | NEUTRAL | The RSI value for SASR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SASR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.67 | OVERSOLD | The low Stochastics value suggests SASR may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SASR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.05 | NEGATIVE | The low ADX value for SASR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
27.95
+0.35 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.27%
1 Week-5.64%
2 Weeks-4.87%
1 Month-11.38%
3 Month-15.2%
6 Month-11.35%
12 Month31.78%
2 Year7.58%
3 Year-37.78%
5 Year23.45%
10 Year6.56%
15 Year86.33%
Volatility
ATR(14)0.75
ATR(20)%3.41%
ATR Inc71.68%
Range Today1.18
ADR(20)0.92
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.8
Mansfield-0.44
10 Day High29.93
10 Day Low26.92
20 Day High32.76
20 Day Low26.92
52 Week High39.55
52 Week Low19.52
CS1 End27.6
CR1 Start28.74
Volume & EV
DER(3)3.45%
DER(5)1.24%
Volume2.06M
Volume Incr131.54%
Vol(5)607.70K
Vol(50)279.13K