SUNRISE COMMUNICAT-CL A (SNRE) Stock Technical Analysis
NASDAQ:SNRE • US8679751045
Taking everything into account, SNRE scores 5 out of 10 in our technical rating. Although SNRE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SNRE is a bad performer in the overall market: 100% of all stocks are doing better.
- SNRE is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, of which 88% are performing better than SNRE.
- The long and short term trends are both positive. This is looking good!
- In the last month SNRE has a been trading in the 52.13 - 57.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SNRE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 55.63, a Stop Loss order could be placed below this zone.
More info and screens
52.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 53.95 to 55.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.02 to 53.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance 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) | DOWN | MIXED | The current price of SNRE is above a declining 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) | 53.81 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 90.7 | OVERBOUGHT | The high Stochastics value suggests SNRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SNRE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.16 | NEGATIVE | The low ADX value for SNRE suggests a weak or negative trend. |
55.9
-0.44 (-0.78%)
SUNRISE COMMUNICAT-CL A / SNRE FAQ
Can you provide the ChartMill technical rating for SUNRISE COMMUNICAT-CL A?
ChartMill assigns a technical rating of 5 / 10 to SNRE.
Can you provide the trend direction for SUNRISE COMMUNICAT-CL A?
The current trend direction for SUNRISE COMMUNICAT-CL A (SNRE) is Bullish.
What is the RSI signal for SUNRISE COMMUNICAT-CL A (SNRE) stock?
SUNRISE COMMUNICAT-CL A (SNRE) has an RSI value of 53.8114. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SUNRISE COMMUNICAT-CL A?
The buy/sell signal for SUNRISE COMMUNICAT-CL A (SNRE) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SNRE stock?
SUNRISE COMMUNICAT-CL A (SNRE) has a support level at 55.63 and a resistance level at 57.83. Check the full technical report for our detailed analysis of SNRE support and resistance levels.