NASDAQ:SLM • US78442P1066
Overall SLM gets a technical rating of 0 out of 10. SLM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SLM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
18.55
When analyzing the resistance we notice 4 important areas.
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 | DOWN | NEGATIVE | The short term trend for SLM is down. |
| ChartMill Relative Strength | 8.96 | NEGATIVE | SLM has a low relative strength, it was outperformed by 91.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLM is below a declining 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) | 23.09 | OVERSOLD | The low RSI value suggests SLM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests SLM has a negative trend. |
| Stochastics (14,3) | 12.37 | OVERSOLD | The low Stochastics value suggests SLM may be oversold. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for SLM suggests high volalility. |
| Average Directional Index/ADX (14) | 36.39 | POSITIVE | The high ADX value value for SLM suggests a strong trend. |
18.74
-2.64 (-12.35%)
ChartMill assigns a technical rating of 0 / 10 to SLM.
The current trend direction for SLM CORP (SLM) is Bearish.
SLM CORP (SLM) has an RSI value of 23.09. This indicates that the stock is currently oversold.
The short term momentum for SLM CORP (SLM) is negative.
SLM CORP (SLM) has a resistance level at 26.62. Check the full technical report for our detailed analysis of SLM support and resistance levels.