SUN COUNTRY AIRLINES HOLDING (SNCY) Stock Technical Analysis
NASDAQ:SNCY • US8666831057
Taking everything into account, SNCY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNCY is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SNCY is part of the Passenger Airlines industry. There are 22 other stocks in this industry. SNCY outperforms 85% of them.
- SNCY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- SNCY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- SNCY has an average volume of 1429850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SNCY is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SNCY 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 very little resistance above the current price.
More info and screens
10.88
5 important support areas can be observed.
- Support @20.84 from a horizontal line in the daily time frame.
- Support @18.26 from a trend line in the daily time frame.
- Support @12.13 from a trend line in the weekly time frame.
- Support @11.60 from a trend line in the weekly time frame.
- Support @10.99 from a trend line in the daily 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 | 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 | 91.92 | POSITIVE | SNCY has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNCY is above 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) | 73.09 | OVERBOUGHT | The high RSI value suggests SNCY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SNCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.37 | NEUTRAL | The Stochastics value for SNCY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SNCY suggests some volalility. |
| Average Directional Index/ADX (14) | 56.45 | 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 |
|---|---|---|---|
| 22.30 | 20.83 | 1.47 (6.59%) | 15.17% |
| An entry @22.30. This is a Buy Stop order right above the 10 day high. | An exit @20.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.47 points, which is 6.59%. | When investing 15.17% 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.
21.19
+0.35 (+1.68%)
SUN COUNTRY AIRLINES HOLDING / SNCY FAQ
Can you provide the ChartMill technical rating for SUN COUNTRY AIRLINES HOLDING?
ChartMill assigns a technical rating of 9 / 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 73.091. This indicates that the stock is currently overbought.
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 20.84. Check the full technical report for our detailed analysis of SNCY support and resistance levels.