SUN LIFE FINANCIAL INC (SLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SLF - CA8667961053 - Common Stock
Overall SLF gets a technical rating of 3 out of 10. SLF 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.
SLF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.95, a Stop Loss order could be placed below this zone.
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53.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.21 to 58.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.54 from a horizontal line in the daily time frame.
- Support @55.60 from a horizontal line in the weekly time frame.
- Support @54.45 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 59.84 to 60.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.57 from a horizontal line in the daily time frame.
- A resistance zone ranging from 65.93 to 66.45. 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 | NEUTRAL | NEUTRAL | The long term trend for SLF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLF is neutral. |
| ChartMill Relative Strength | 46.89 | NEUTRAL | SLF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SLF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.32 | NEUTRAL | The RSI value for SLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.57 | NEUTRAL | The Stochastics value for SLF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for SLF suggests low volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for SLF suggests a possible start of a new trend. |
59.58
+0.89 (+1.52%)
SUN LIFE FINANCIAL INC / SLF FAQ
What is the ChartMill technical rating of SUN LIFE FINANCIAL INC (SLF) stock?
ChartMill assigns a technical rating of 3 / 10 to SLF.
What is the trend direction for SLF stock?
The current trend direction for SUN LIFE FINANCIAL INC (SLF) is Bearish.
What is the RSI signal for SUN LIFE FINANCIAL INC (SLF) stock?
SUN LIFE FINANCIAL INC (SLF) has an RSI value of 48.3163. This indicates that the stock is currently neutral.
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.