CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
NYSE:SBS • US20441A1025
Taking everything into account, SBS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SBS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SBS did better than 91% 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 is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SBS has a been trading in the 26.05 - 29.98 range, which is quite wide. It is currently trading near the high of this range.
- SBS has an average volume of 1205650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
SBS 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 support zone below the current price at 29.39, a Stop Loss order could be placed below this zone.
More info and screens
22.05
We found 3 important support areas.
- A support zone ranging from 28.88 to 29.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.58 to 23.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.66 to 29.66. 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 | UP | POSITIVE | The short term trend for SBS is up. |
| ChartMill Relative Strength | 91.4 | POSITIVE | SBS has a high relative strength, it outperformed 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBS is above the rising 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) | 67.87 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SBS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.16 | OVERBOUGHT | The high Stochastics value suggests SBS may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.87 | POSITIVE | The high ADX value value for SBS suggests a strong 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 |
|---|---|---|---|
| 29.67 | 28.87 | 0.80 (2.70%) | 25.00% |
| An entry @29.67. This is a Buy Stop order right above the resistance zone. | An exit @28.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBS. 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.
29.4
-0.26 (-0.88%)
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 10 / 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 67.8661. 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 0.0354425, 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 positive.