SITEONE LANDSCAPE SUPPLY INC (SITE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SITE - US82982L1035 - Common Stock
We assign a technical rating of 3 out of 10 to SITE. Recently some decent action could be observed, but in the medium term time frame this is still negative. SITE was also a bad performer in the overall market in the last year.
Although the technical rating is bad, SITE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 132.63. Right above this resistance zone may be a good entry point.
More info and screens
114.61
We found 3 important support areas.
- A support zone ranging from 130.06 to 130.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @121.09 from a trend line in the daily time frame.
- A support zone ranging from 115.77 to 118.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 132.63 to 135.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @147.00 from a trend line in the weekly time frame.
- Resistance @151.19 from a horizontal line in the weekly 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 SITE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SITE is neutral. |
| ChartMill Relative Strength | 26.27 | NEGATIVE | SITE has a low relative strength, it was outperformed by 73.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SITE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SITE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SITE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.53 | NEUTRAL | The RSI value for SITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests SITE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.72 | NEUTRAL | The Stochastics value for SITE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SITE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for SITE suggests a possible start of a new trend. |
131.22
+1.34 (+1.03%)
SITEONE LANDSCAPE SUPPLY INC / SITE FAQ
What is the ChartMill technical rating of SITEONE LANDSCAPE SUPPLY INC (SITE) stock?
ChartMill assigns a technical rating of 3 / 10 to SITE.
What is the trend direction for SITE stock?
The current trend direction for SITEONE LANDSCAPE SUPPLY INC (SITE) is Bearish.
What is the RSI signal for SITE stock?
SITEONE LANDSCAPE SUPPLY INC (SITE) has an RSI value of 53.5334. This indicates that the stock is currently neutral.
What is the short term momentum for SITEONE LANDSCAPE SUPPLY INC (SITE) stock?
The short term momentum for SITEONE LANDSCAPE SUPPLY INC (SITE) is neutral.