SALLY BEAUTY HOLDINGS INC (SBH) Stock Technical Analysis
NYSE:SBH - New York Stock Exchange, Inc. - US79546E1047 - Common Stock - Currency: USD
Overall SBH gets a technical rating of 2 out of 10. In the past year, SBH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SBH is a bad performer in the overall market: 77% of all stocks are doing better.
SBH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBH is lagging the market.
In the last month SBH has a been trading in the 8.45 - 9.37 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 1864240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SBH is part of the Specialty Retail industry. There are 122 other stocks in this industry, SBH did better than 53% of them.
Although the technical rating is bad, SBH does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.70
13.76
3 important support areas can be observed.
- A support zone ranging from 8.78 to 8.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.59 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.78 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @9.18 from a horizontal line in the weekly time frame.
- Resistance @9.44 from a trend line in the daily time frame.
- Resistance @9.99 from a horizontal line in the daily time frame.
- Resistance @13.62 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SBH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBH is neutral. |
| ChartMill Relative Strength | 23.51 | NEGATIVE | SBH has a low relative strength, it was outperformed by 76.49% 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) | DOWN | NEGATIVE | The current price of SBH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.92 | NEUTRAL | The RSI value for SBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SBH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.62 | NEUTRAL | The Stochastics value for SBH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SBH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for SBH 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)
8.94
+0.24 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.76%
1 Week5.42%
2 Weeks3.83%
1 Month1.36%
3 Month1.02%
6 Month-17.53%
12 Month-16.68%
2 Year-27.61%
3 Year-25%
5 Year-28.65%
10 Year-71.69%
15 Year9.02%
Volatility
ATR(14)0.32
ATR(20)%3.59%
ATR Inc7.21%
Range Today0.46
ADR(20)0.31
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.51
Mansfield-2.05
10 Day High9.37
10 Day Low8.45
20 Day High9.37
20 Day Low8.45
52 Week High14.79
52 Week Low7.54
CS1 End8.92
CR1 Start9.18
Volume & EV
DER(3)2.53%
DER(5)1.5%
Volume1.59M
Volume Incr12.75%
Vol(5)1.80M
Vol(50)1.86M