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. Prices have been consolidating lately. There is a support zone below the current price at 26.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
24.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.61 to 26.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.84 to 25.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 27.74 to 27.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.93 to 30.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.66 to 30.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.77 from a horizontal line 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 | 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 | 50.63 | NEUTRAL | SLM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLM is above 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) | 49.19 | NEUTRAL | The RSI value for SLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SLM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.83 | NEUTRAL | The Stochastics value for SLM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SLM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.62 | NEGATIVE | The low ADX value for SLM suggests a weak or negative trend. |
27.61
-0.32 (-1.15%)
SLM CORP / SLM FAQ
Can you provide the ChartMill technical rating for SLM CORP?
ChartMill assigns a technical rating of 2 / 10 to SLM.
Can you provide the trend direction for SLM CORP?
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 49.1914. This indicates that the stock is currently neutral.
What is the short term momentum for SLM stock?
The short term momentum for SLM CORP (SLM) is neutral.
What are the support and resistance levels for SLM CORP (SLM) stock?
SLM CORP (SLM) has a support level at 26.92 and a resistance level at 27.74. Check the full technical report for our detailed analysis of SLM support and resistance levels.