SANDY SPRING BANCORP INC (SASR)

US8003631038 - Common Stock

31.14  -0.29 (-0.92%)

After market: 31.14 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, SASR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SASR has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SASR did better than 88% of all other stocks.
SASR is part of the Banks industry. There are 406 other stocks in this industry. SASR outperforms 87% of them.
SASR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SASR is lagging the market slightly.
In the last month SASR has a been trading in the 30.00 - 34.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
SASR Weekly chart
SASR Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SASR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.13, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

19.72

32.87

We found 3 important support areas.

  • A support zone ranging from 30.06 to 31.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @20.82 from a trend line in the weekly time frame.
  • Support @19.92 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 32.43 to 32.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.86
Mansfield1.11
10 Day High31.98
10 Day Low30
20 Day High34.19
20 Day Low30
52 Week High34.19
52 Week Low19.27
Performance
1 Week2.3%
2 Weeks-1.8%
1 Month0.58%
3 Month16.24%
6 Month53.4%
12 Month52.5%
2 Year-12.13%
3 Year-34.39%
5 Year-9.74%
10 Year20.7%
15 Year169.38%

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.16
RSI(14)49.83
LBB29.96
UBB33.06

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
32.5530.052.50 (7.68%)13.02%
An entry @32.55. This is a Buy Stop order right above the resistance zone.An exit @30.05. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.50 points, which is 7.68%.For a 1.00% total portfolio risk, you can invest 13.02% of your capital in this trade.

  • 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.

More info and screens

SASR Daily chart

SANDY SPRING BANCORP INC

NASDAQ:SASR (10/8/2024, 8:22:24 PM)

After market: 31.14 0 (0%)

31.14

-0.29 (-0.92%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.92%
1 Week2.3%
2 Weeks-1.8%
1 Month0.58%
3 Month16.24%
6 Month53.4%
12 Month52.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.85
ATR(20)%3.05%
ATR Inc
Range Today0.5
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High31.98
10 Day Low30
20 Day High34.19
20 Day Low30
52 Week High34.19
52 Week Low19.27
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume97.00K
Volume Incr-57.47%
Vol(5)177.02K
Vol(50)313.86K