SHENGFENG DEVELOPMENT LTD-A (SFWL) Stock Technical Analysis
NASDAQ:SFWL - Nasdaq - KYG8117B1014 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SFWL. SFWL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
83% of all other stocks performed better in the past year than SFWL.
SFWL 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: SFWL has an average volume of 14964 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SFWL is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry, SFWL did better than 42% of them.
In the last month SFWL has a been trading in the 0.94 - 1.17 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.
Although the technical rating is bad, SFWL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SFWL 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
0.88
1.13
2 important support areas can be observed.
- A support zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.00 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.10 to 1.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SFWL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SFWL is neutral. |
| ChartMill Relative Strength | 17.02 | NEGATIVE | SFWL has a low relative strength, it was outperformed by 82.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SFWL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SFWL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SFWL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.67 | NEUTRAL | The RSI value for SFWL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SFWL has a negative trend. |
| Stochastics (14,3) | 27.24 | NEUTRAL | The Stochastics value for SFWL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for SFWL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.13 | NEGATIVE | The low ADX value for SFWL 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)
1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg0%
1 Week-0.99%
2 Weeks-9.58%
1 Month7.49%
3 Month0.02%
6 Month-0.07%
12 Month-20.63%
2 Year-83.69%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.17%
ATR Inc-21.95%
Range Today0.02
ADR(20)0.05
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.02
Mansfield-1.57
10 Day High1.13
10 Day Low1
20 Day High1.17
20 Day Low0.94
52 Week High1.6
52 Week Low0.86
CS1 End0.95
CR1 Start1
Volume & EV
DER(3)10.58%
DER(5)21%
Volume1.29K
Volume Incr-61.89%
Vol(5)8.16K
Vol(50)14.96K