SLM CORP (SLM) Stock Technical Analysis
NASDAQ:SLM - Nasdaq - US78442P1066 - Common Stock - Currency: USD
Taking everything into account, SLM scores 8 out of 10 in our technical rating. In the last year, SLM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SLM has a been trading in the 31.22 - 34.55 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that SLM is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by SLM over the past year are nicely spread over this period.
SLM is one of the better performing stocks in the Consumer Finance industry, it outperforms 74% of 52 stocks in the same industry.
SLM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLM is lagging the market slightly.
SLM has an average volume of 2287990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SLM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 31.62, a Stop Loss order could be placed below this zone.
More info and screens
25.05
34.71
We found 3 important support areas.
- A support zone ranging from 31.59 to 31.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.58 to 26.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.30 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @34.37 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 | UP | POSITIVE | The long term trend for SLM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLM is down. |
| ChartMill Relative Strength | 90.77 | POSITIVE | SLM has a high relative strength, it outperformed 90.77% 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) | UP | POSITIVE | The current price of SLM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.07 | NEUTRAL | The RSI value for SLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests SLM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.65 | OVERSOLD | The low Stochastics value suggests SLM may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for SLM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.93 | NEGATIVE | The low ADX value for SLM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 32.04 | 31.58 | 0.46 (1.44%) | 25.00% |
| An entry @32.04. This is a Buy Stop order right above the 10 day moving average. | An exit @31.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.46 points, which is 1.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLM. 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.
31.63
-0.05 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.16%
1 Week-0.57%
2 Weeks-3.83%
1 Month-5.95%
3 Month8.1%
6 Month16.37%
12 Month57.91%
2 Year93.81%
3 Year98.43%
5 Year349.93%
10 Year220.47%
15 Year752.4%
Volatility
ATR(14)0.81
ATR(20)%2.48%
ATR Inc-44.59%
Range Today0.42
ADR(20)0.76
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.77
Mansfield1.52
10 Day High32.94
10 Day Low31.22
20 Day High34.55
20 Day Low31.22
52 Week High34.55
52 Week Low19.39
CS1 End31.62
CR1 Start34.37
Volume & EV
DER(3)0.28%
DER(5)-1.4%
Volume1.74M
Volume Incr-21.2%
Vol(5)1.49M
Vol(50)2.29M