SLM CORP (SLM) Stock Technical Analysis
USA - NASDAQ:SLM - US78442P1066 - Common Stock
28.43 USD
-0.02 (-0.07%)
28.65 USD
+0.22 (+0.77%)
We assign a technical rating of 1 out of 10 to SLM. 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 is part of the Consumer Finance industry. There are 55 other stocks in this industry, of which 61% are performing better than SLM.
SLM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SLM has an average volume of 2394260 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, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, SLM outperforms 60% of them, which is more or less in line with the market.
SLM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLM is lagging the market.
SLM has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.21
34.03
2 important support areas can be observed.
- A support zone ranging from 27.86 to 27.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.46 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.71 to 31.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.83 to 31.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.69 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SLM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLM is down. |
| ChartMill Relative Strength | 60.41 | NEUTRAL | SLM is not amongst the best or worst performers 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) | UP | MIXED | The current price of SLM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.04 | NEUTRAL | The RSI value for SLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SLM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.25 | OVERSOLD | The low Stochastics value suggests SLM may be oversold. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for SLM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.2 | POSITIVE | The high ADX value value for SLM suggests a strong 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)
28.43
-0.02 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.07%
1 Week1.07%
2 Weeks-8.61%
1 Month-7.81%
3 Month-9.97%
6 Month-4.28%
12 Month28.82%
2 Year108.74%
3 Year103.22%
5 Year251.42%
10 Year284.19%
15 Year589.21%
Volatility
ATR(14)0.91
ATR(20)%2.89%
ATR Inc-23.57%
Range Today0.61
ADR(20)0.81
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.41
Mansfield-1.16
10 Day High31.27
10 Day Low27.67
20 Day High32.07
20 Day Low27.67
52 Week High34.97
52 Week Low21.1
CS1 End27.97
CR1 Start30.71
Volume & EV
DER(3)3.99%
DER(5)1.56%
Volume6.98M
Volume Incr80.22%
Vol(5)4.38M
Vol(50)2.39M