SBH Technical Analysis - SALLY BEAUTY HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, SBH scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SBH 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.

SBH is part of the Specialty Retail industry. There are 122 other stocks in this industry. SBH outperforms 85% of them.

A new 52 week high is currently being made by SBH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month SBH has a been trading in the 13.66 - 16.37 range, which is quite wide. It is currently trading near the high of this range.

SBH has an average volume of 2238600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, SBH did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SALLY BEAUTY HOLDINGS INC / SBH Weekly stock chart

SALLY BEAUTY HOLDINGS INC / SBH Daily stock chart

Setup Rating and Analysis

Although SBH has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.99

16.51

We found 3 important support areas.

Support @15.80 from a trend line in the daily time frame.
A support zone ranging from 15.03 to 15.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @11.10 from a trend line in the daily time frame.

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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	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	89.48	POSITIVE	SBH has a high relative strength, it outperformed 89.48% 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)	69.65	NEUTRAL	The RSI value for SBH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests SBH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	90.57	OVERBOUGHT	The high Stochastics value suggests SBH may be overbought.
Average True Range in percent/ATR (20)	3.54	MEDIUM VOLATILITY	The ATR as a percentage value for SBH suggests some volalility.
Average Directional Index/ADX (14)	46.72	POSITIVE	The high ADX value value for SBH suggests a strong trend.