SITEONE LANDSCAPE SUPPLY INC (SITE) Technical Analysis
NYSE:SITE • US82982L1035
Taking everything into account, SITE scores 2 out of 10 in our technical rating. SITE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month SITE has a been trading in the 130.75 - 168.56 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 41% of all stocks.
- SITE is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, SITE did better than 45% of them.
- SITE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SITE is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
The technical rating of SITE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
118.88
We found 3 important support areas.
- Support @130.51 from a trend line in the daily time frame.
- Support @125.11 from a horizontal line in the daily time frame.
- A support zone ranging from 120.08 to 122.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 130.89 to 131.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 140.78 to 142.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @153.25 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 | DOWN | NEGATIVE | The short term trend for SITE is down. |
| ChartMill Relative Strength | 41.57 | NEUTRAL | SITE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SITE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SITE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SITE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.18 | NEUTRAL | The RSI value for SITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.35 | NEGATIVE | The MACD value suggests SITE has a negative trend. |
| Stochastics (14,3) | 4.77 | OVERSOLD | The low Stochastics value suggests SITE may be oversold. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SITE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for SITE suggests a possible start of a new trend. |
SITE Technicals: Chart, Performance Metrics, Trend & Indicators
130.88
-4.59 (-3.39%)
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 2 / 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 Bearish.
What is the RSI signal for SITE stock?
SITEONE LANDSCAPE SUPPLY INC (SITE) has an RSI value of 34.1785. 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 -2.34918, 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 130.51 and a resistance level at 130.89. Check the full technical report for our detailed analysis of SITE support and resistance levels.