Somfy SA (SO.PA) Stock Technical Analysis
EPA:SO • FR0013199916
We assign a technical rating of 8 out of 10 to SO. Both in the recent history as in the last year, SO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- SO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 85% of 69 stocks in the same industry.
- SO 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, SO did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SO is lagging the market.
- In the last month SO has a been trading in a tight range between 143.00 and 144.00.
Besides having an excellent technical rating, SO also presents 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 142.99, a Stop Loss order could be placed below this zone.
More info and screens
141.56
We found 1 important support area.
- A support zone ranging from 142.99 to 142.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 143.00 to 144.61. 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 SO.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SO.PA is up. |
| ChartMill Relative Strength | 91.27 | POSITIVE | SO.PA has a high relative strength, it outperformed 91.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SO.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SO.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SO.PA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.61 | OVERBOUGHT | The high RSI value suggests SO.PA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests SO.PA has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for SO.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 58.31 | POSITIVE | The high ADX value value for SO.PA 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 |
|---|---|---|---|
| 143.61 | 142.99 | 0.62 (0.43%) | 25.00% |
| An entry @143.61. This is a Buy Stop order right above the 10 day high. | An exit @142.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.62 points, which is 0.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
EPA:SO (1/12/2023, 7:00:00 PM)
143
0 (0%)
Somfy SA / SO.PA FAQ
What is the technical rating for SO stock?
ChartMill assigns a technical rating of 7 / 10 to SO.PA.
What is the current trend direction of Somfy SA (SO.PA) stock?
The current trend direction for Somfy SA (SO.PA) is Bullish.
What is the RSI signal for Somfy SA (SO.PA) stock?
Somfy SA (SO.PA) has an RSI value of 71.6088. This indicates that the stock is currently overbought.
What is the short term momentum for SO stock?
The short term momentum for Somfy SA (SO.PA) is positive.
What is the buy/sell signal for SO stock?
The buy/sell signal for Somfy SA (SO.PA) is buy as both the short term and long term trends are positive.