SATELLOGIC INC-A (SATL) Stock Technical Analysis
NASDAQ:SATL • US80401C1009
Overall SATL gets a technical rating of 4 out of 10. Although SATL 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.
- In the last month SATL has a been trading in the 2.79 - 5.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SATL has an average volume of 9051590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that SATL is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- SATL is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, SATL did better than 47% of them.
- SATL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SATL is lagging the market.
SATL has an average technical rating and it also does not offer a high 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.
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1.44
We found 2 important support areas.
- Support @2.52 from a trend line in the daily time frame.
- Support @1.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.28 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 | NEUTRAL | NEUTRAL | The long term trend for SATL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SATL is down. |
| ChartMill Relative Strength | 84.87 | POSITIVE | SATL has a high relative strength, it outperformed 84.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SATL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SATL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SATL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.47 | NEUTRAL | The RSI value for SATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests SATL has a negative trend. |
| Stochastics (14,3) | 3.64 | OVERSOLD | The low Stochastics value suggests SATL may be oversold. |
| Average True Range in percent/ATR (20) | 24.4 | HIGH VOLATILITY | The high ATR as a percentage value for SATL suggests high volalility. |
| Average Directional Index/ADX (14) | 35.34 | POSITIVE | The high ADX value value for SATL suggests a strong trend. |
2.85
-0.37 (-11.49%)
SATELLOGIC INC-A / SATL FAQ
What is the ChartMill technical rating of SATELLOGIC INC-A (SATL) stock?
ChartMill assigns a technical rating of 4 / 10 to SATL.
What is the current trend direction of SATELLOGIC INC-A (SATL) stock?
The current trend direction for SATELLOGIC INC-A (SATL) is Bearish.
Can you provide the RSI signal for SATELLOGIC INC-A?
SATELLOGIC INC-A (SATL) has an RSI value of 41.4715. This indicates that the stock is currently neutral.
What is the MACD signal for SATELLOGIC INC-A (SATL) stock?
The MACD indicator for SATELLOGIC INC-A (SATL) has a value of -0.249321, indicating a bearish trend.
Can you provide the support and resistance levels for SATELLOGIC INC-A?
SATELLOGIC INC-A (SATL) has a support level at 2.52 and a resistance level at 3.28. Check the full technical report for our detailed analysis of SATL support and resistance levels.