SITEONE LANDSCAPE SUPPLY INC (SITE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SITE • US82982L1035
We assign a technical rating of 8 out of 10 to SITE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SITE is only an average performer.
- SITE is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry, of which 66% are performing better than SITE.
- Both the short term and long term trends are positive. This is a very positive sign.
- SITE 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 SITE is lagging the market slightly.
- In the last month SITE has a been trading in the 138.30 - 152.29 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- When comparing the performance of all stocks over the past year, SITE turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
Besides having an excellent technical rating, SITE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 151.19. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
119.51
When analyzing the support we can see 4 important areas.
- Support @142.67 from a horizontal line in the daily time frame.
- A support zone ranging from 128.07 to 129.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 124.55 to 125.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @120.72 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.19 to 152.98. 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 SITE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SITE is up. |
| ChartMill Relative Strength | 56.81 | NEUTRAL | SITE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SITE is below 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) | 55.41 | 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. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for SITE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SITE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.96 | NEUTRAL | The ADX value for SITE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 146.01 | 142.66 | 3.35 (2.29%) | 25.00% |
| An entry @146.01. This is a Buy Stop order right above the 10 day moving average. | An exit @142.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.35 points, which is 2.29%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
145.65
-4.36 (-2.91%)
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 8 / 10 to SITE.
Can you provide the trend direction for SITEONE LANDSCAPE SUPPLY INC?
The current trend direction for SITEONE LANDSCAPE SUPPLY INC (SITE) is Bullish.
What is the RSI signal for SITE stock?
SITEONE LANDSCAPE SUPPLY INC (SITE) has an RSI value of 55.4111. This indicates that the stock is currently neutral.
What is the MACD signal for SITE stock?
The MACD indicator for SITEONE LANDSCAPE SUPPLY INC (SITE) has a value of -0.3744, indicating a bearish trend.
What are the support and resistance levels for SITEONE LANDSCAPE SUPPLY INC (SITE) stock?
SITEONE LANDSCAPE SUPPLY INC (SITE) has a support level at 142.67 and a resistance level at 151.19. Check the full technical report for our detailed analysis of SITE support and resistance levels.