SNC-LAVALIN GROUP INC (SNC.CA) Stock Technical Analysis
Canada - TSX:SNC - CA78460T1057 - Common Stock
43.42 CAD
+0.55 (+1.28%)
Overall SNC gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SNC has a been trading in the 42.22 - 46.99 range, which is quite wide. It is currently trading near the lows of this range.
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!
Looking at the yearly performance, SNC did better than 97% of all other stocks. We also observe that the gains produced by SNC over the past year are nicely spread over this period.
SNC is part of the Construction & Engineering industry. There are 6 other stocks in this industry. SNC outperforms 100% of them.
SNC 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 SNC is lagging the market slightly.
SNC has an excellent technical rating and 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. There is a support zone below the current price at 43.41, a Stop Loss order could be placed below this zone.
More info and screens
31.39
46.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 42.69 to 43.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.16 from a trend line in the daily time frame.
- Support @36.74 from a trend line in the daily time frame.
- Support @31.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.99 to 46.30. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SNC.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNC.CA is neutral. |
| ChartMill Relative Strength | 97.05 | POSITIVE | SNC.CA has a high relative strength, it outperformed 97.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.37 | NEUTRAL | The RSI value for SNC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests SNC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.29 | OVERSOLD | The low Stochastics value suggests SNC.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SNC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.11 | POSITIVE | The high ADX value value for SNC.CA 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)
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 |
|---|---|---|---|
| 44.34 | 42.68 | 1.66 (3.75%) | 25.00% |
| An entry @44.34. This is a Buy Stop order right above the 10 day moving average. | An exit @42.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.66 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The distance between exit and entry is rather small compared to the average daily movement of SNC. 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.
TSX:SNC (10/6/2023, 7:00:00 PM)
43.42
+0.55 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg1.28%
1 Week-4.17%
2 Weeks-5.57%
1 Month-0.12%
3 Month24.52%
6 Month38.06%
12 Month93.93%
2 Year30.43%
3 Year132.94%
5 Year-7.62%
10 Year-0.89%
15 Year37.1%
Volatility
ATR(14)1.3
ATR(20)%2.61%
ATR Inc12.13%
Range Today1.36
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.05
Mansfield3.08
10 Day High46.99
10 Day Low42.22
20 Day High46.99
20 Day Low42.22
52 Week High46.99
52 Week Low21.62
CS1 End43.41
CR1 Start45.99
Volume & EV
DER(3)2.51%
DER(5)2.39%
Volume190.44K
Volume Incr-22.63%
Vol(5)310.05K
Vol(50)387.09K