SIMULATIONS PLUS INC (SLP) Stock Technical Analysis
USA - NASDAQ:SLP - US8292141053 - Common Stock
We assign a technical rating of 4 out of 10 to SLP. In the past year, SLP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, SLP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.12, a Stop Loss order could be placed below this zone.
More info and screens
14.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.91 to 16.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.76 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.11 to 17.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.83 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.31 to 18.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.04 from a trend 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 | DOWN | NEGATIVE | The long term trend for SLP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLP is up. |
| ChartMill Relative Strength | 22.34 | NEGATIVE | SLP has a low relative strength, it was outperformed by 77.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.12 | NEUTRAL | The RSI value for SLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SLP has a negative trend. |
| Stochastics (14,3) | 29.92 | NEUTRAL | The Stochastics value for SLP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for SLP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for SLP suggests a weak or negative trend. |
16.98
-0.33 (-1.91%)
SIMULATIONS PLUS INC / SLP FAQ
What is the ChartMill technical rating of SIMULATIONS PLUS INC (SLP) stock?
ChartMill assigns a technical rating of 4 / 10 to SLP.
What is the trend direction for SLP stock?
The current trend direction for SIMULATIONS PLUS INC (SLP) is Bearish.
What is the RSI signal for SIMULATIONS PLUS INC (SLP) stock?
SIMULATIONS PLUS INC (SLP) has an RSI value of 51.1225. This indicates that the stock is currently neutral.
What is the buy/sell signal for SIMULATIONS PLUS INC (SLP) stock?
The buy/sell signal for SIMULATIONS PLUS INC (SLP) is hold as the short term and long term trends are mixed.
What is the support and resistance level for SLP stock?
SIMULATIONS PLUS INC (SLP) has a support level at 16.12 and a resistance level at 17.11. Check the full technical report for our detailed analysis of SLP support and resistance levels.