CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
NYSE:SBS - New York Stock Exchange, Inc. - US20441A1025 - ADR - Currency: USD
Overall SBS gets a technical rating of 9 out of 10. 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.
Looking at the yearly performance, SBS did better than 91% of all other 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 is trading in the upper part of its 52 week range, but not near new highs, so SBS is leading the market.
In the last month SBS has a been trading in the 19.91 - 21.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SBS has an average volume of 1176220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SBS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for SBS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.51
21.34
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.49 to 20.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.75 to 20.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.95 from a trend line in the daily time frame.
- Support @15.11 from a trend line in the weekly time frame.
- Support @14.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.79 to 21.13. 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 | 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 | 91.48 | POSITIVE | SBS has a high relative strength, it outperformed 91.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SBS is above a declining 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) | 53.76 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SBS has a negative trend. |
| Stochastics (14,3) | 75.94 | NEUTRAL | The Stochastics value for SBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for SBS suggests a weak or negative 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 |
|---|---|---|---|
| 21.14 | 20.48 | 0.66 (3.12%) | 25.00% |
| An entry @21.14. This is a Buy Stop order right above the resistance zone. | An exit @20.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 3.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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.
20.76
-0.34 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-1.61%
1 Week-0.43%
2 Weeks1.02%
1 Month-0.57%
3 Month17.55%
6 Month44.67%
12 Month50.65%
2 Year75.34%
3 Year159.83%
5 Year97.53%
10 Year300.77%
15 Year201.31%
Volatility
ATR(14)0.42
ATR(20)%2.21%
ATR Inc-20.16%
Range Today0.35
ADR(20)0.4
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.48
Mansfield1.79
10 Day High21.39
10 Day Low20.01
20 Day High21.39
20 Day Low19.91
52 Week High21.39
52 Week Low13.11
CS1 End20.69
CR1 Start20.79
Volume & EV
DER(3)4.26%
DER(5)1.73%
Volume1.63M
Volume Incr1.64%
Vol(5)954.60K
Vol(50)1.18M