SLM CORP (SLM)       16.665  -0.14 (-0.8%)

16.665  -0.14 (-0.8%)

US78442P1066 - Common Stock

Technical Rating

7

Taking everything into account, SLM scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLM is only an average performer.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SLM is part of the Consumer Finance industry. There are 55 other stocks in this industry. SLM outperforms 87% of them.
SLM has an average volume of 1830780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SLM is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SLM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SLM has a been trading in the 16.33 - 17.93 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.78% 6.33% -7.95% -10.88% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 70.57 13.7201 - 20.88
SLM Weekly chart
SLM Daily chart

Support/Resistance Analysis


16.50

20.87
2 important resistance areas can be observed.
  • A resistance zone ranging from 16.73 to 17.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @20.66 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, SLM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
17.0716.720.35 (2.03%)25.00%
An entry @17.07. This is a Buy Stop order right above the 10 day moving average.An exit @16.72. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.35 points, which is 2.03%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%.

  • 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.
SLM Daily chart

SLM CORP16.665

NASDAQ:SLM (12/7/2022, 2:41:06 PM)-0.14 (-0.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Consumer Finance
Performance
Today -0.8% 1 Week -1.75%
2 Weeks 0.84% 1 Month 0.78%
3 Month 6.33% 6 Month -7.95%
Volatility
ATR(14) 0.48 ATR(20)% 3.06%
ATR Inc 16.67% Range Today 0.3
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 70.57 Mansfield 0.27
10 Day High 17.59 10 Day Low 16.52
20 Day High 17.93 20 Day Low 16.33
52 Week High 20.88 52 Week Low 13.72
CS1 End 16.79 CR1 Start 16.91
Volume & EV
DER(3) 0.76% DER(5) -0.62%
Volume 781.22K Volume Incr 35.87%
Vol(5) 1.78M Vol(50) 1.83M

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