CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
NYSE:SBS - US20441A1025 - ADR
22.65 USD
+0.23 (+1.03%)
22.65 USD
0 (0%)
We assign a technical rating of 10 out of 10 to SBS. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SBS is one of the better performing stocks in the market, outperforming 82% of all stocks.
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 19.47 - 22.88 range, which is quite wide. It is currently trading near the high of this range.
SBS has an average volume of 1086430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SBS has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
14.75
22.88
5 important support areas can be observed.
- A support zone ranging from 21.81 to 21.87. 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 20.74 to 20.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.01 to 20.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.31 from a horizontal line in the weekly time frame.
- Support @14.90 from a trend 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 | 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 | 82.11 | POSITIVE | SBS has a high relative strength, it outperformed 82.11% 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) | 63.14 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SBS has a positive trend. |
| Stochastics (14,3) | 82.5 | OVERBOUGHT | The high Stochastics value suggests SBS may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for SBS suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 22.75 | 21.80 | 0.95 (4.15%) | 24.07% |
| An entry @22.75. This is a Buy Stop order right above the 10 day high. | An exit @21.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 4.15%. | When investing 24.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.65
+0.23 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg1.03%
1 Week3.19%
2 Weeks4.91%
1 Month16.09%
3 Month10.27%
6 Month40.6%
12 Month34.9%
2 Year95.26%
3 Year141.99%
5 Year160.35%
10 Year423.1%
15 Year257.63%
Volatility
ATR(14)0.7
ATR(20)%2.74%
ATR Inc-38.97%
Range Today0.29
ADR(20)0.47
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.11
Mansfield1.57
10 Day High22.74
10 Day Low20.89
20 Day High22.88
20 Day Low19.47
52 Week High22.88
52 Week Low13.87
CS1 End21.87
CR1 StartN/A
Volume & EV
DER(3)3.41%
DER(5)4.26%
Volume967.50K
Volume Incr-25.19%
Vol(5)955.28K
Vol(50)1.09M