We assign a technical rating of 8 out of 10 to SNCY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SNCY is only an average performer.
Besides having an excellent technical rating, SNCY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.48, a Stop Loss order could be placed below this zone.
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11.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.36 to 14.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.59 from a trend line in the daily time frame.
- Support @11.68 from a trend line in the weekly time frame.
- A support zone ranging from 11.32 to 11.40. 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 14.55 to 14.96. 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 | UP | POSITIVE | The long term trend for SNCY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNCY is up. |
| ChartMill Relative Strength | 75.87 | POSITIVE | SNCY has a high relative strength, it outperformed 75.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNCY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNCY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.53 | NEUTRAL | The RSI value for SNCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SNCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.28 | NEUTRAL | The Stochastics value for SNCY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SNCY suggests some volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for SNCY suggests a strong trend. |
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 |
|---|---|---|---|
| 14.97 | 14.35 | 0.62 (4.14%) | 24.15% |
| An entry @14.97. This is a Buy Stop order right above the resistance zone. | An exit @14.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.62 points, which is 4.14%. | When investing 24.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SNCY. 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.
14.49
+0.1 (+0.69%)
SUN COUNTRY AIRLINES HOLDING / SNCY FAQ
Can you provide the ChartMill technical rating for SUN COUNTRY AIRLINES HOLDING?
ChartMill assigns a technical rating of 8 / 10 to SNCY.
What is the trend direction for SNCY stock?
The current trend direction for SUN COUNTRY AIRLINES HOLDING (SNCY) is Bullish.
What is the RSI signal for SUN COUNTRY AIRLINES HOLDING (SNCY) stock?
SUN COUNTRY AIRLINES HOLDING (SNCY) has an RSI value of 57.5339. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SUN COUNTRY AIRLINES HOLDING?
The buy/sell signal for SUN COUNTRY AIRLINES HOLDING (SNCY) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SUN COUNTRY AIRLINES HOLDING?
SUN COUNTRY AIRLINES HOLDING (SNCY) has a support level at 14.48 and a resistance level at 14.55. Check the full technical report for our detailed analysis of SNCY support and resistance levels.