SATELLOGIC INC-A (SATL) Stock Technical Analysis
NASDAQ:SATL - Nasdaq - US80401C1009 - Common Stock - Currency: USD
Overall SATL gets a technical rating of 2 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 3.17 - 4.94 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 is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 87% of 65 stocks in the same industry.
SATL has an average volume of 1346870 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.
Looking at the yearly performance, SATL did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
The technical rating of SATL 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
3.18
4.79
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.61 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.74 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 | 97.34 | POSITIVE | SATL has a high relative strength, it outperformed 97.34% 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) | DOWN | NEGATIVE | The current price of SATL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SATL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.44 | NEUTRAL | The RSI value for SATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SATL has a negative trend. |
| Stochastics (14,3) | 17.74 | OVERSOLD | The low Stochastics value suggests SATL may be oversold. |
| Average True Range in percent/ATR (20) | 10.26 | HIGH VOLATILITY | The high ATR as a percentage value for SATL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for SATL 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)
3.21
-0.11 (-3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-3.31%
1 Week-9.07%
2 Weeks-14.17%
1 Month-22.65%
3 Month-10.21%
6 Month-8.42%
12 Month197.22%
2 Year63.78%
3 Year-21.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%10.26%
ATR Inc16.04%
Range Today0.21
ADR(20)0.31
ADR(20)%9.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.34
Mansfield2.6
10 Day High3.81
10 Day Low3.17
20 Day High4.94
20 Day Low3.17
52 Week High5.49
52 Week Low0.72
CS1 EndN/A
CR1 Start3.61
Volume & EV
DER(3)0.32%
DER(5)1.21%
Volume1.18M
Volume Incr-34.54%
Vol(5)1.33M
Vol(50)1.35M