SLAM CORP (SLAMU) Stock Technical Analysis
NASDAQ:SLAMU - Nasdaq - KYG8210L1133 - Currency: USD
We assign a technical rating of 7 out of 10 to SLAMU. Although SLAMU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: SLAMU has an average volume of 1120 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
SLAMU 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 SLAMU is lagging the market slightly.
When comparing the performance of all stocks over the past year, SLAMU turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
In the last month SLAMU has a been trading in a tight range between 10.99 and 11.45.
Considerably lower volume is observed in the last couple of days.
Although SLAMU has an excellent technical rating, the quality of the presented setup is not ideal 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
9.65
11.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.83 to 11.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.47 from a horizontal line in the daily time frame.
- A support zone ranging from 9.75 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.26 to 11.37. 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 SLAMU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLAMU is up. |
| ChartMill Relative Strength | 58.11 | NEUTRAL | SLAMU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLAMU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLAMU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLAMU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.02 | NEUTRAL | The RSI value for SLAMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SLAMU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.39 | NEUTRAL | The Stochastics value for SLAMU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for SLAMU suggests low volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for SLAMU 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)
11.25
+0.1 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.9%
1 Week0.36%
2 Weeks0.45%
1 Month1.63%
3 Month3.21%
6 Month4.26%
12 Month10.08%
2 Year13.64%
3 Year14.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.87%
ATR Inc287.96%
Range Today0.11
ADR(20)0.03
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.11
Mansfield-1.45
10 Day High11.45
10 Day Low11.15
20 Day High11.45
20 Day Low10.99
52 Week High11.63
52 Week Low10.15
CS1 End11.2
CR1 Start11.26
Volume & EV
DER(3)0%
DER(5)0%
Volume900
Volume Incr-67.07%
Vol(5)540
Vol(50)1.12K