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. In the past year, SITE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SITE has a bad technical rating, but it does show 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. There is a support zone below the current price at 126.44, a Stop Loss order could be placed below this zone.
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114.61
3 important support areas can be observed.
- A support zone ranging from 125.11 to 126.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @121.18 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 129.87 to 135.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 25.56 | NEGATIVE | SITE has a low relative strength, it was outperformed by 74.44% off all stocks 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) | 50.99 | NEUTRAL | The RSI value for SITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests SITE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.14 | NEUTRAL | The Stochastics value for SITE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SITE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for SITE suggests a possible start of a new trend. |
129.87
-1.35 (-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 50.9905. 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.