SATIXFY COMMUNICATIONS LTD (SATX) Stock Technical Analysis
NYSEARCA:SATX - NYSE Arca - IL0011898850 - Common Stock - Currency: USD
Taking everything into account, SATX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SATX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SATX is one of the better performing stocks in the market, outperforming 98% of all stocks.
SATX is one of the better performing stocks in the Communications Equipment industry, it outperforms 93% of 50 stocks in the same industry.
SATX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SATX has a been trading in a tight range between 2.85 and 2.99.
Volume is considerably higher in the last couple of days.
Although SATX has an excellent technical rating, it does not present a decent entry opportunity 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
1.52
3.01
When analyzing the support we can see 2 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 @1.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.97 to 2.98. This zone is formed by a combination of multiple trend lines 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 | 98.73 | POSITIVE | SATX has a high relative strength, it outperformed 98.73% 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) | 76.01 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 64.29 | NEUTRAL | The Stochastics value for SATX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for SATX suggests low volalility. |
| Average Directional Index/ADX (14) | 57.37 | 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)
2.96
+0.03 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.02%
1 Week-0.34%
2 Weeks2.42%
1 Month2.42%
3 Month49.49%
6 Month72.09%
12 Month345.05%
2 Year825%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%1.01%
ATR Inc163.57%
Range Today0.04
ADR(20)0.03
ADR(20)%0.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.73
Mansfield10.32
10 Day High2.99
10 Day Low2.86
20 Day High2.99
20 Day Low2.85
52 Week High2.99
52 Week Low0.6
CS1 End2.86
CR1 Start2.97
Volume & EV
DER(3)4.55%
DER(5)6.32%
Volume503.20K
Volume Incr149.97%
Vol(5)728.80K
Vol(50)527.94K