SOFTLINE AG (SFD1.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:SFD1 - DE000A2DAN10 - Common Stock
We assign a technical rating of 2 out of 10 to SFD1. SFD1 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 97% of all other stocks performed better in the past year than SFD1.
- SFD1 is part of the IT Services industry. There are 76 other stocks in this industry, of which 78% are performing better than SFD1.
- SFD1 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: SFD1 has an average volume of 2306 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SFD1 has a been trading in the 0.81 - 0.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SFD1 has a bad technical rating, but it does show 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 a resistance zone just above the current price starting at 0.94. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SFD1 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
0.79
2 important support areas can be observed.
- Support @0.89 from a horizontal line in the daily time frame.
- Support @0.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.94 to 0.97. 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 | DOWN | NEGATIVE | The long term trend for SFD1.DE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SFD1.DE is neutral. |
| ChartMill Relative Strength | 3.91 | NEGATIVE | SFD1.DE has a low relative strength, it was outperformed by 96.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SFD1.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SFD1.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SFD1.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.63 | NEUTRAL | The RSI value for SFD1.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SFD1.DE has a negative trend. |
| Stochastics (14,3) | 59.01 | NEUTRAL | The Stochastics value for SFD1.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SFD1.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 9.67 | NEGATIVE | The low ADX value for SFD1.DE suggests a weak or negative trend. |
FRA:SFD1 (1/23/2024, 7:00:00 PM)
0.9
-0.04 (-4.26%)
SOFTLINE AG / SFD1.DE FAQ
Can you provide the ChartMill technical rating for SOFTLINE AG?
ChartMill assigns a technical rating of 2 / 10 to SFD1.DE.
What is the current trend direction of SOFTLINE AG (SFD1.DE) stock?
The current trend direction for SOFTLINE AG (SFD1.DE) is Bearish.
Can you provide the RSI signal for SOFTLINE AG?
SOFTLINE AG (SFD1.DE) has an RSI value of 46.6269. This indicates that the stock is currently neutral.
What is the support and resistance level for SFD1 stock?
SOFTLINE AG (SFD1.DE) has a support level at 0.89 and a resistance level at 0.94. Check the full technical report for our detailed analysis of SFD1.DE support and resistance levels.