SNC-LAVALIN GROUP INC (SNC.CA) Stock Technical Analysis
TSX:SNC - Toronto Stock Exchange - CA78460T1057 - Common Stock - Currency: CAD
Taking everything into account, SNC scores 9 out of 10 in our technical rating. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SNC is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by SNC over the past year are nicely spread over this period.
SNC is one of the better performing stocks in the Construction & Engineering industry, it outperforms 100% of 8 stocks in the same industry.
SNC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SNC is performing more or less in line with the market.
Besides having an excellent technical rating, SNC 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
4 important support areas can be observed.
- 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 worst case loss on the trade is limited to 1.66 points, which is 3.75%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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