SALLY BEAUTY HOLDINGS INC (SBH) Stock Technical Analysis
NYSE:SBH • US79546E1047
Taking everything into account, SBH scores 8 out of 10 in our technical rating. SBH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- 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 SBH is one of the better performing stocks in the market, outperforming 89% of all stocks.
- SBH is one of the better performing stocks in the Specialty Retail industry, it outperforms 87% of 123 stocks in the same industry.
- SBH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SBH is lagging the market slightly.
- In the last month SBH has a been trading in the 14.86 - 17.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SBH has an average volume of 1719500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SBH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.03, a Stop Loss order could be placed below this zone.
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13.61
6 important support areas can be observed.
- A support zone ranging from 15.98 to 16.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.55 to 15.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.97 to 14.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.66 from a trend line in the daily time frame.
- A support zone ranging from 14.00 to 14.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.60 to 16.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.00 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 | UP | POSITIVE | The long term trend for SBH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBH is up. |
| ChartMill Relative Strength | 89.02 | POSITIVE | SBH has a high relative strength, it outperformed 89.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.07 | NEUTRAL | The RSI value for SBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SBH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.99 | NEUTRAL | The Stochastics value for SBH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for SBH suggests high volalility. |
| Average Directional Index/ADX (14) | 24.36 | NEUTRAL | The ADX value for SBH suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 16.61 | 15.97 | 0.64 (3.85%) | 25.00% |
| An entry @16.61. This is a Buy Stop order right above the resistance zone. | An exit @15.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.64 points, which is 3.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBH. Please evaluate whether better entry and exit points can be found.
- 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.
16.07
-0.53 (-3.19%)
SALLY BEAUTY HOLDINGS INC / SBH FAQ
What is the technical rating for SBH stock?
ChartMill assigns a technical rating of 8 / 10 to SBH.
What is the trend direction for SBH stock?
The current trend direction for SALLY BEAUTY HOLDINGS INC (SBH) is Bullish.
What is the RSI signal for SALLY BEAUTY HOLDINGS INC (SBH) stock?
SALLY BEAUTY HOLDINGS INC (SBH) has an RSI value of 52.0672. This indicates that the stock is currently neutral.
What is the MACD signal for SALLY BEAUTY HOLDINGS INC (SBH) stock?
The MACD indicator for SALLY BEAUTY HOLDINGS INC (SBH) has a value of 0.0166136, indicating a bearish trend.
What is the buy/sell signal for SALLY BEAUTY HOLDINGS INC (SBH) stock?
The buy/sell signal for SALLY BEAUTY HOLDINGS INC (SBH) is buy as both the short term and long term trends are positive.