SFT Technical Analysis - SOFTLAB SPA

Technical Rating and Analysis

Taking everything into account, SFT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SFT is a bad performer.

100% of all other stocks performed better in the past year than SFT.

SFT is one of the lesser performing stocks in the IT Services industry. 88% of 71 stocks in the same industry do better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month SFT has a been trading in the 1.10 - 1.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

Although SFT has an excellent technical rating, it does not present a decent entry opportunity 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

1.40

1.60

We found 2 important support areas.

A support zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.41 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 SFT.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SFT.MI is up.
ChartMill Relative Strength	0	NEGATIVE	SFT.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SFT.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SFT.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	59.52	NEUTRAL	The RSI value for SFT.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests SFT.MI has a negative trend.
Stochastics (14,3)	51.91	NEUTRAL	The Stochastics value for SFT.MI is a neutral value.
Average True Range in percent/ATR (20)	8.32	HIGH VOLATILITY	The high ATR as a percentage value for SFT.MI suggests high volalility.
Average Directional Index/ADX (14)	28.56	POSITIVE	The high ADX value value for SFT.MI suggests a strong trend.