SENECA FOODS CORP - CL A (SENEA) Stock Technical Analysis
NASDAQ:SENEA • US8170705011
Taking everything into account, SENEA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SENEA 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 SENEA is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by SENEA over the past year are nicely spread over this period.
- SENEA is part of the Food Products industry. There are 87 other stocks in this industry. SENEA outperforms 84% of them.
- SENEA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SENEA is lagging the market slightly.
- In the last month SENEA has a been trading in the 112.57 - 134.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SENEA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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.
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99.24
When analyzing the support we can see 4 important areas.
- A support zone ranging from 117.36 to 117.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 113.28 to 115.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 107.65 to 108.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @100.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 127.68 to 127.82. 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 SENEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SENEA is up. |
| ChartMill Relative Strength | 83.66 | POSITIVE | SENEA has a high relative strength, it outperformed 83.66% 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) | 61.19 | NEUTRAL | The RSI value for SENEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests SENEA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.03 | NEUTRAL | The Stochastics value for SENEA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SENEA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for SENEA suggests a weak or negative 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 |
|---|---|---|---|
| 127.83 | 117.35 | 10.48 (8.20%) | 12.20% |
| An entry @127.83. This is a Buy Stop order right above the resistance zone. | An exit @117.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.48 points, which is 8.20%. | When investing 12.20% 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.
124.29
+0.3 (+0.24%)
SENECA FOODS CORP - CL A / SENEA 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 61.19. 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 117.8 and a resistance level at 127.68. Check the full technical report for our detailed analysis of SENEA support and resistance levels.