SLM CORP (SLM) Stock Technical Analysis
USA - NASDAQ:SLM - US78442P1066 - Common Stock
Overall SLM gets a technical rating of 2 out of 10. SLM 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.
SLM 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 support zone below the current price at 26.05, a Stop Loss order could be placed below this zone.
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24.59
When analyzing the support we notice one important area.
- A support zone ranging from 24.84 to 26.05. 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 27.24 to 28.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SLM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLM is neutral. |
| ChartMill Relative Strength | 40.53 | NEUTRAL | SLM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.92 | NEUTRAL | The RSI value for SLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SLM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.19 | NEUTRAL | The Stochastics value for SLM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SLM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for SLM suggests a possible start of a new trend. |
26.76
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SLM CORP / SLM FAQ
Can you provide the ChartMill technical rating for SLM CORP?
ChartMill assigns a technical rating of 2 / 10 to SLM.
What is the trend direction for SLM stock?
The current trend direction for SLM CORP (SLM) is Bearish.
What is the RSI signal for SLM stock?
SLM CORP (SLM) has an RSI value of 45.921. This indicates that the stock is currently neutral.
What is the MACD signal for SLM stock?
The MACD indicator for SLM CORP (SLM) has a value of 0.0778244, indicating a bearish trend.
What are the support and resistance levels for SLM CORP (SLM) stock?
SLM CORP (SLM) has a support level at 26.05 and a resistance level at 27.24. Check the full technical report for our detailed analysis of SLM support and resistance levels.