CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
NYSE:SBS - New York Stock Exchange, Inc. - US20441A1025 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to SBS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SBS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SBS did better than 93% of all other stocks. We also observe that the gains produced by SBS over the past year are nicely spread over this period.
SBS is part of the Water Utilities industry. There are 14 other stocks in this industry. SBS outperforms 92% of them.
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 19.55 - 21.14 range, which is quite wide. It is currently trading near the high of this range.
SBS has an average volume of 1315100 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
14.83
21.26
We found 3 important support areas.
- Support @19.82 from a horizontal line in the daily time frame.
- Support @18.27 from a trend line in the daily time frame.
- Support @14.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @21.05 from a horizontal line in the daily 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 | 93.58 | POSITIVE | SBS has a high relative strength, it outperformed 93.58% 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) | 59.59 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SBS has a negative trend. |
| Stochastics (14,3) | 79.41 | NEUTRAL | The Stochastics value for SBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.15 | 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 |
|---|---|---|---|
| 21.06 | 19.90 | 1.16 (5.51%) | 18.16% |
| An entry @21.06. This is a Buy Stop order right above the resistance zone. | An exit @19.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.16 points, which is 5.51%. | When investing 18.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
20.7
-0.35 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-1.66%
1 Week-1.38%
2 Weeks1.87%
1 Month2.02%
3 Month28.49%
6 Month35.65%
12 Month46.29%
2 Year98.66%
3 Year114.95%
5 Year106.38%
10 Year256.28%
15 Year228.4%
Volatility
ATR(14)0.53
ATR(20)%2.37%
ATR Inc-3.04%
Range Today0.27
ADR(20)0.44
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.58
Mansfield2.1
10 Day High21.14
10 Day Low19.91
20 Day High21.14
20 Day Low19.55
52 Week High21.14
52 Week Low13.1
CS1 End19.82
CR1 Start21.05
Volume & EV
DER(3)3.08%
DER(5)2.57%
Volume860.90K
Volume Incr-26.14%
Vol(5)981.76K
Vol(50)1.32M