SONIDA SENIOR LIVING INC (SNDA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNDA - US1404752032 - Common Stock
Overall SNDA 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.
Besides having an excellent technical rating, SNDA 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 30.42, a Stop Loss order could be placed below this zone.
More info and screens
21.34
We found 5 important support areas.
- A support zone ranging from 30.30 to 30.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.11 from a trend line in the weekly time frame.
- Support @26.57 from a trend line in the daily time frame.
- Support @25.32 from a horizontal line in the daily time frame.
- Support @21.56 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.60 to 32.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.17 to 33.40. 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 SNDA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNDA is neutral. |
| ChartMill Relative Strength | 84.08 | POSITIVE | SNDA has a high relative strength, it outperformed 84.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNDA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNDA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.35 | NEUTRAL | The RSI value for SNDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests SNDA has a negative trend. |
| Stochastics (14,3) | 14.5 | OVERSOLD | The low Stochastics value suggests SNDA may be oversold. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SNDA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.51 | POSITIVE | The high ADX value value for SNDA 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 |
|---|---|---|---|
| 31.61 | 30.29 | 1.32 (4.17%) | 23.96% |
| An entry @31.61. This is a Buy Stop order right above the 10 day moving average. | An exit @30.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.32 points, which is 4.17%. | For a 1.00% total portfolio risk, you can invest 23.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SNDA. 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.
30.43
-0.36 (-1.17%)
SONIDA SENIOR LIVING INC / SNDA FAQ
What is the technical rating for SNDA stock?
ChartMill assigns a technical rating of 9 / 10 to SNDA.
What is the current trend direction of SONIDA SENIOR LIVING INC (SNDA) stock?
The current trend direction for SONIDA SENIOR LIVING INC (SNDA) is Bullish.
What is the RSI signal for SNDA stock?
SONIDA SENIOR LIVING INC (SNDA) has an RSI value of 48.3527. This indicates that the stock is currently neutral.
What is the short term momentum for SONIDA SENIOR LIVING INC (SNDA) stock?
The short term momentum for SONIDA SENIOR LIVING INC (SNDA) is neutral.