SUN LIFE FINANCIAL INC (SLF) Stock Technical Analysis
NYSE:SLF • CA8667961053
Overall SLF gets a technical rating of 7 out of 10. Although SLF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- In the last month SLF has a been trading in the 62.45 - 69.67 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- SLF is part of the Insurance industry. There are 150 other stocks in this industry. SLF outperforms 87% of them.
- Looking at the yearly performance, SLF did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- SLF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLF is lagging the market.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SLF 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
55.04
When analyzing the support we can see 6 important areas.
- Support @61.57 from a horizontal line in the daily time frame.
- Support @59.89 from a trend line in the weekly time frame.
- Support @58.94 from a horizontal line in the daily time frame.
- Support @57.59 from a horizontal line in the daily time frame.
- A support zone ranging from 56.53 to 56.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.20 to 65.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 SLF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLF is neutral. |
| ChartMill Relative Strength | 70.9 | POSITIVE | SLF has a high relative strength, it outperformed 70.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.49 | NEUTRAL | The RSI value for SLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SLF has a negative trend. |
| Stochastics (14,3) | 29.27 | NEUTRAL | The Stochastics value for SLF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SLF suggests some volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for SLF suggests a strong 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 |
|---|---|---|---|
| 65.27 | 63.96 | 1.31 (2.01%) | 25.00% |
| An entry @65.27. This is a Buy Stop order right above the resistance zone. | An exit @63.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.31 points, which is 2.01%. | For a 0.50% 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 SLF. 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.
64.91
+0.35 (+0.54%)
SUN LIFE FINANCIAL INC / SLF FAQ
What is the technical rating for SLF stock?
ChartMill assigns a technical rating of 7 / 10 to SLF.
Can you provide the trend direction for SUN LIFE FINANCIAL INC?
The current trend direction for SUN LIFE FINANCIAL INC (SLF) is Bullish.
What is the RSI signal for SUN LIFE FINANCIAL INC (SLF) stock?
SUN LIFE FINANCIAL INC (SLF) has an RSI value of 50.489. This indicates that the stock is currently neutral.
What is the MACD signal for SLF stock?
The MACD indicator for SUN LIFE FINANCIAL INC (SLF) has a value of -0.221963, indicating a bearish trend.
What is the short term momentum for SUN LIFE FINANCIAL INC (SLF) stock?
The short term momentum for SUN LIFE FINANCIAL INC (SLF) is neutral.