SES Technical Analysis - SESA SPA

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to SES. SES has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month SES has a been trading in the 79.30 - 95.70 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, SES outperforms 48% of them, which is more or less in line with the market.

SES is part of the Electronic Equipment, Instruments & Components industry. There are 56 other stocks in this industry, SES did better than 56% of them.

SES is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SES is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SES has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

68.55

93.85

When analyzing the support we can see 2 important areas.

Support @71.03 from a trend line in the daily time frame.
Support @69.24 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 81.79 to 82.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @89.97 from a trend line in the daily time frame.
A resistance zone ranging from 92.15 to 92.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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 SES.MI is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SES.MI is down.
ChartMill Relative Strength	48.53	NEUTRAL	SES.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SES.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SES.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SES.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.04	NEUTRAL	The RSI value for SES.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.54	NEGATIVE	The MACD value suggests SES.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.45	OVERSOLD	The low Stochastics value suggests SES.MI may be oversold.
Average True Range in percent/ATR (20)	3.16	MEDIUM VOLATILITY	The ATR as a percentage value for SES.MI suggests some volalility.
Average Directional Index/ADX (14)	27.13	POSITIVE	The high ADX value value for SES.MI suggests a strong trend.