SATIXFY COMMUNICATIONS LTD (SATX) Stock Technical Analysis
NYSEARCA:SATX - NYSE Arca - IL0011898850 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SATX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SATX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SATX did better than 99% of all other stocks. We also observe that the gains produced by SATX over the past year are nicely spread over this period.
SATX is one of the better performing stocks in the Communications Equipment industry, it outperforms 100% of 49 stocks in the same industry.
SATX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SATX is leading the market.
SATX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although SATX has an excellent technical rating, the quality of the presented setup is not ideal 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
1.45
2.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.86 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.03 from a horizontal line in the daily time frame.
- Support @1.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.89 to 2.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for SATX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SATX is up. |
| ChartMill Relative Strength | 99.35 | POSITIVE | SATX has a high relative strength, it outperformed 99.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SATX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SATX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SATX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.45 | OVERBOUGHT | The high RSI value suggests SATX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SATX has a negative trend. |
| Stochastics (14,3) | 28.37 | NEUTRAL | The Stochastics value for SATX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SATX suggests some volalility. |
| Average Directional Index/ADX (14) | 67.66 | POSITIVE | The high ADX value value for SATX suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.90 | 2.85 | 0.05 (1.62%) | 25.00% |
| An entry @2.90. This is a Buy Stop order right above the 10 day moving average. | An exit @2.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 1.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- 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.
2.87
-0.02 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.69%
1 Week-0.69%
2 Weeks-1.03%
1 Month40.69%
3 Month137.19%
6 Month179.18%
12 Month370.49%
2 Year583.99%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%2.44%
ATR Inc31.85%
Range Today0.04
ADR(20)0.03
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.35
Mansfield12.33
10 Day High2.91
10 Day Low2.85
20 Day High2.97
20 Day Low2.04
52 Week High2.97
52 Week Low0.57
CS1 End2.86
CR1 Start2.89
Volume & EV
DER(3)-0.76%
DER(5)1.62%
Volume1.17M
Volume Incr-43.72%
Vol(5)395.32K
Vol(50)600.37K