SENECA FOODS CORP - CL A (SENEA) Technical Analysis
NASDAQ:SENEA • US8170705011
Current stock price
SENEA Technical Rating and Analysis
Overall SENEA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SENEA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SENEA did better than 92% of all other stocks. On top of that, SENEA also shows a nice and consistent pattern of rising prices.
- SENEA is part of the Food Products industry. There are 87 other stocks in this industry. SENEA outperforms 87% of them.
- SENEA 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 SENEA is leading the market.
- SENEA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SENEA Weekly and Daily overview Charts
SENEA Setup Rating and Analysis
Besides having an excellent technical rating, SENEA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 144.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SENEA Support and Resistance Analysis
99.24
5 important support areas can be observed.
- A support zone ranging from 143.33 to 144.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.17 to 117.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 112.01 to 112.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @107.65 from a horizontal line in the weekly time frame.
- Support @100.24 from a horizontal line in the daily time frame.
SENEA Technical Indicator Signal Analysis
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 SENEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SENEA is up. |
| ChartMill Relative Strength | 92 | POSITIVE | SENEA has a high relative strength, it outperformed 92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SENEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SENEA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SENEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.83 | NEUTRAL | The RSI value for SENEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SENEA has a negative trend. |
| Stochastics (14,3) | 78.37 | NEUTRAL | The Stochastics value for SENEA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SENEA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for SENEA suggests a possible start of a new trend. |
SENEA Chart- and CandleStick Pattern Analysis
SENEA Example Setup
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 |
|---|---|---|---|
| 148.98 | 143.32 | 5.66 (3.80%) | 25.00% |
| An entry @148.98. This is a Buy Stop order right above the 10 day high. | An exit @143.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.66 points, which is 3.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of SENEA. 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.
SENEA Technicals: Chart, Performance Metrics, Trend & Indicators
144.01
+0.67 (+0.47%)
SENECA FOODS CORP - CL A / SENEA TA FAQ
Can you provide the ChartMill technical rating for SENECA FOODS CORP - CL A?
ChartMill assigns a technical rating of 10 / 10 to SENEA.
Can you provide the trend direction for SENECA FOODS CORP - CL A?
The current trend direction for SENECA FOODS CORP - CL A (SENEA) is Bullish.
What is the RSI signal for SENECA FOODS CORP - CL A (SENEA) stock?
SENECA FOODS CORP - CL A (SENEA) has an RSI value of 63.8295. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SENECA FOODS CORP - CL A?
The short term momentum for SENECA FOODS CORP - CL A (SENEA) is positive.
Can you provide the support and resistance levels for SENECA FOODS CORP - CL A?
SENECA FOODS CORP - CL A (SENEA) has a support level at 144. Check the full technical report for our detailed analysis of SENEA support and resistance levels.