SPROUTS FARMERS MARKET INC (SFM) Stock Technical Analysis
NASDAQ:SFM - Nasdaq - US85208M1027 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SFM. SFM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that SFM is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by SFM over the past year are nicely spread over this period.
SFM is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry. SFM outperforms 92% of them.
SFM 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 SFM is lagging the market slightly.
In the last month SFM has a been trading in the 153.35 - 173.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SFM has an average volume of 2083380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Considerably lower volume is observed in the last couple of days.
SFM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 157.03, a Stop Loss order could be placed below this zone.
More info and screens
135.37
181.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 156.99 to 157.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @149.50 from a trend line in the weekly time frame.
- Support @136.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 161.23 to 162.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 164.87 to 167.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 177.12 to 179.54. 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 SFM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SFM is down. |
| ChartMill Relative Strength | 91.5 | POSITIVE | SFM has a high relative strength, it outperformed 91.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SFM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SFM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SFM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.64 | NEUTRAL | The RSI value for SFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests SFM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.31 | NEUTRAL | The Stochastics value for SFM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SFM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for SFM suggests a weak or negative 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)
159.7
+0.98 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.62%
1 Week-1.6%
2 Weeks-0.46%
1 Month-0.13%
3 Month1.55%
6 Month15.74%
12 Month93.27%
2 Year306.88%
3 Year477.79%
5 Year505.38%
10 Year551.31%
15 YearN/A
Volatility
ATR(14)5.68
ATR(20)%3.38%
ATR Inc-59.22%
Range Today1.75
ADR(20)5.33
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.5
Mansfield0.73
10 Day High167.49
10 Day Low153.35
20 Day High173.96
20 Day Low153.35
52 Week High182
52 Week Low81.41
CS1 End157.03
CR1 Start161.23
Volume & EV
DER(3)-0.1%
DER(5)0.32%
Volume832.20K
Volume Incr-51.3%
Vol(5)1.28M
Vol(50)2.08M