SOLAR CAPITAL LTD 6.75 NT 42 (SLRA) Stock Technical Analysis
NYSE:SLRA - New York Stock Exchange, Inc. - 1057,SLRA.CL
We assign a technical rating of 2 out of 10 to SLRA. SLRA 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.
Although the technical rating is bad, SLRA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.13, a Stop Loss order could be placed below this zone.
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23.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.10 to 25.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.98 to 24.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.16 to 26.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SLRA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLRA is down. |
| ChartMill Relative Strength | 52.36 | NEUTRAL | SLRA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLRA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLRA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.84 | NEUTRAL | The RSI value for SLRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SLRA has a positive trend. |
| Stochastics (14,3) | 11.32 | OVERSOLD | The low Stochastics value suggests SLRA may be oversold. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for SLRA suggests low volalility. |
NYSE:SLRA (12/15/2017, 8:25:04 PM)
25.145
+0 (+0.02%)