SITEONE LANDSCAPE SUPPLY INC (SITE) Stock Technical Analysis
NYSE:SITE - New York Stock Exchange, Inc. - US82982L1035 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SITE. Although SITE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SITE is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 61% are performing better than SITE.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, SITE outperforms 61% of them, which is more or less in line with the market.
SITE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SITE is lagging the market.
In the last month SITE has a been trading in the 126.16 - 146.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SITE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
120.74
152.70
We found 3 important support areas.
- A support zone ranging from 135.68 to 137.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 128.13 to 130.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @121.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 138.78 to 139.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 145.86 to 147.70. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for SITE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SITE is up. |
| ChartMill Relative Strength | 61.38 | NEUTRAL | SITE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SITE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for SITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests SITE has a negative trend. |
| Stochastics (14,3) | 60.08 | NEUTRAL | The Stochastics value for SITE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for SITE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for SITE suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 139.63 | 135.67 | 3.96 (2.84%) | 25.00% |
| An entry @139.63. This is a Buy Stop order right above the resistance zone. | An exit @135.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.96 points, which is 2.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of SITE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
138.03
+0.2 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.15%
1 Week-2.33%
2 Weeks3.06%
1 Month5.17%
3 Month19.21%
6 Month2.53%
12 Month-4.55%
2 Year-19.37%
3 Year10.28%
5 Year10.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.23
ATR(20)%3.47%
ATR Inc-15.05%
Range Today2.29
ADR(20)4.55
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.38
Mansfield-0.4
10 Day High146.71
10 Day Low128.53
20 Day High146.71
20 Day Low126.16
52 Week High160.75
52 Week Low101.25
CS1 End137.14
CR1 Start138.78
Volume & EV
DER(3)0.38%
DER(5)0.8%
Volume442.10K
Volume Incr-43.7%
Vol(5)424.48K
Vol(50)569.87K