CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBS - US20441A1025 - ADR
Taking everything into account, SBS scores 5 out of 10 in our technical rating. In the last year, SBS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although the technical rating is only medium, SBS 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 23.53, a Stop Loss order could be placed below this zone.
More info and screens
22.50
We found 2 important support areas.
- A support zone ranging from 23.53 to 23.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.73 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.83 to 26.95. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SBS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBS is down. |
| ChartMill Relative Strength | 86.12 | POSITIVE | SBS has a high relative strength, it outperformed 86.12% 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) | 40.28 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SBS has a negative trend. |
| Stochastics (14,3) | 35.36 | NEUTRAL | The Stochastics value for SBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for SBS suggests a weak or negative trend. |
23.54
-1.04 (-4.23%)
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 5 / 10 to SBS.
What is the trend direction for SBS stock?
The current trend direction for CIA SANEAMENTO BASICO DE-ADR (SBS) is Bullish.
What is the RSI signal for CIA SANEAMENTO BASICO DE-ADR (SBS) stock?
CIA SANEAMENTO BASICO DE-ADR (SBS) has an RSI value of 40.2837. 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 -0.0287066, 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.