SUNRISE COMMUNICAT-CL A (SNRE) Stock Technical Analysis
NASDAQ:SNRE - Nasdaq - US8679751045 - ADR - Currency: USD
Taking everything into account, SNRE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SNRE is a bad performer.
SNRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 55.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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52.49
We found 1 important support area.
- A support zone ranging from 53.02 to 55.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @57.83 from a horizontal 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 SNRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNRE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SNRE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNRE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.23 | NEUTRAL | The RSI value for SNRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SNRE has a positive trend. |
| Stochastics (14,3) | 84.64 | OVERBOUGHT | The high Stochastics value suggests SNRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for SNRE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.67 | NEGATIVE | The low ADX value for SNRE suggests a weak or negative 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 |
|---|---|---|---|
| 57.84 | 52.13 | 5.71 (9.88%) | 10.12% |
| An entry @57.84. This is a Buy Stop order right above the resistance zone. | An exit @52.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.71 points, which is 9.88%. | When investing 10.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
56.34
+0.28 (+0.5%)