CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBS - US20441A1025 - ADR
We assign a technical rating of 4 out of 10 to SBS. Although SBS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SBS has a been trading in the 22.54 - 25.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, SBS did better than 83% of all other stocks. On top of that, SBS also shows a nice and consistent pattern of rising prices.
- SBS is one of the better performing stocks in the Water Utilities industry, it outperforms 92% of 14 stocks in the same industry.
- SBS has an average volume of 1139100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- SBS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBS is lagging the market.
SBS has an average technical rating and it also 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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22.62
When analyzing the support we notice one important area.
- A support zone ranging from 22.85 to 22.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.12 to 24.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SBS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBS is down. |
| ChartMill Relative Strength | 83.45 | POSITIVE | SBS has a high relative strength, it outperformed 83.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.79 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SBS has a negative trend. |
| Stochastics (14,3) | 12.51 | OVERSOLD | The low Stochastics value suggests SBS may be oversold. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.81 | NEGATIVE | The low ADX value for SBS suggests a weak or negative trend. |
22.9
-0.18 (-0.78%)
CIA SANEAMENTO BASICO DE-ADR / SBS FAQ
Can you provide the ChartMill technical rating for CIA SANEAMENTO BASICO DE-ADR?
ChartMill assigns a technical rating of 4 / 10 to SBS.
What is the trend direction for SBS stock?
The current trend direction for CIA SANEAMENTO BASICO DE-ADR (SBS) is Bearish.
What is the RSI signal for CIA SANEAMENTO BASICO DE-ADR (SBS) stock?
CIA SANEAMENTO BASICO DE-ADR (SBS) has an RSI value of 35.7903. This indicates that the stock is currently neutral.
What is the MACD signal for SBS stock?
The MACD indicator for CIA SANEAMENTO BASICO DE-ADR (SBS) has a value of -0.121433, indicating a bearish trend.
What is the short term momentum for SBS stock?
The short term momentum for CIA SANEAMENTO BASICO DE-ADR (SBS) is negative.