SANDY SPRING BANCORP INC (SASR) Technical Analysis
NASDAQ:SASR • US8003631038
Current stock price
SASR Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to SASR. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 380 other stocks in this industry. SASR outperforms 93% 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.
SASR Weekly and Daily overview Charts
SASR Setup Rating and Analysis
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
SASR Support and Resistance Analysis
19.72
2 important support areas can be observed.
- 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.
We can see 4 important resistance 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.
SASR 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 | 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. |
SASR Chart- and CandleStick Pattern Analysis
SASR Technicals: Chart, Performance Metrics, Trend & Indicators
27.95
+0.35 (+1.27%)
SANDY SPRING BANCORP INC / SASR TA FAQ
Can you provide the ChartMill technical rating for SANDY SPRING BANCORP INC?
ChartMill assigns a technical rating of 2 / 10 to SASR.
Can you provide the trend direction for SANDY SPRING BANCORP INC?
The current trend direction for SANDY SPRING BANCORP INC (SASR) is Bearish.
Can you provide the RSI signal for SANDY SPRING BANCORP INC?
SANDY SPRING BANCORP INC (SASR) has an RSI value of 31.9564. This indicates that the stock is currently neutral.
What is the short term momentum for SANDY SPRING BANCORP INC (SASR) stock?
The short term momentum for SANDY SPRING BANCORP INC (SASR) is negative.
Can you provide the support and resistance levels for SANDY SPRING BANCORP INC?
SANDY SPRING BANCORP INC (SASR) has a support level at 27.6 and a resistance level at 28.74. Check the full technical report for our detailed analysis of SASR support and resistance levels.