SAX Technical Analysis - STROEER SE & CO KGAA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SAX. SAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, SAX is a bad performer in the overall market: 96% of all stocks are doing better.

SAX is part of the Media industry. There are 62 other stocks in this industry, of which 67% are performing better than SAX.

SAX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month SAX has a been trading in the 37.50 - 43.10 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STROEER SE & CO KGAA / SAX Weekly stock chart

STROEER SE & CO KGAA / SAX Daily stock chart

Setup Rating and Analysis

SAX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.99, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

38.40

52.60

When analyzing the support we notice one important area.

A support zone ranging from 38.79 to 38.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 40.26 to 40.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @45.98 from a trend line in the weekly time frame.
Resistance @50.84 from a trend line in the daily time frame.
Resistance @52.08 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 SAX.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SAX.DE is down.
ChartMill Relative Strength	4.49	NEGATIVE	SAX.DE has a low relative strength, it was outperformed by 95.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SAX.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SAX.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SAX.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.77	NEUTRAL	The RSI value for SAX.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests SAX.DE has a positive trend.
Stochastics (14,3)	22.29	NEUTRAL	The Stochastics value for SAX.DE is a neutral value.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for SAX.DE suggests some volalility.
Average Directional Index/ADX (14)	53.77	POSITIVE	The high ADX value value for SAX.DE suggests a strong trend.