SANDY SPRING BANCORP INC (SASR)       34.32  +0.32 (+0.94%)

34.32  +0.32 (+0.94%)

US8003631038 - Common Stock

Technical Rating

1

Overall SASR gets a technical rating of 1 out of 10. SASR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
83% of all other stocks performed better in the past year than SASR.
SASR is part of the Banks industry. There are 330 other stocks in this industry, of which 90% are performing better than SASR.
SASR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
SASR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -2.44% -1.79% -16.05% -28.41% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 17.11 31.49 - 48.73
SASR Weekly chart
SASR Daily chart

Support/Resistance Analysis


32.75

36.51
We found 2 important support areas.
  • A support zone ranging from 33.85 to 34.16. 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 33.08 to 33.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 34.56 to 35.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 36.15 to 36.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, SASR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 33.85, a Stop Loss order could be placed below this zone.


SASR Daily chart

SANDY SPRING BANCORP INC34.32

NASDAQ:SASR (2/2/2023, 8:49:38 AM)+0.32 (+0.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today 0.94% 1 Week -1.33%
2 Weeks 1.04% 1 Month -2.44%
3 Month -1.79% 6 Month -16.05%

Volatility
ATR(14) 1.11 ATR(20)% 2.89%
ATR Inc -0.63% Range Today 0.21

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 17.11 Mansfield -1.46
10 Day High 35.32 10 Day Low 31.49
20 Day High 35.9 20 Day Low 31.49
52 Week High 48.73 52 Week Low 31.49
CS1 End 33.85 CR1 Start 34.16

Volume & EV
DER(3) 0.04% DER(5) 1.2%
Volume 6.07K Volume Incr 141.02%
Vol(5) 375.16K Vol(50) 220.93K

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