Overall SOAR gets a technical rating of 0 out of 10. SOAR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SOAR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for SOAR 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.
More info and screens
1.19
We can see 2 important resistance areas.
- Resistance @1.31 from a horizontal line in the daily time frame.
- Resistance @1.84 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SOAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOAR is down. |
| ChartMill Relative Strength | 3.75 | NEGATIVE | SOAR has a low relative strength, it was outperformed by 96.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOAR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOAR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.37 | NEUTRAL | The RSI value for SOAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SOAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.61 | NEUTRAL | The Stochastics value for SOAR is a neutral value. |
| Average True Range in percent/ATR (20) | 10.86 | HIGH VOLATILITY | The high ATR as a percentage value for SOAR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.62 | NEGATIVE | The low ADX value for SOAR suggests a weak or negative trend. |
1.2
-0.1 (-7.69%)
VOLATO GROUP INC / SOAR FAQ
Can you provide the ChartMill technical rating for VOLATO GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to SOAR.
What is the current trend direction of VOLATO GROUP INC (SOAR) stock?
The current trend direction for VOLATO GROUP INC (SOAR) is Bearish.
What is the RSI signal for VOLATO GROUP INC (SOAR) stock?
VOLATO GROUP INC (SOAR) has an RSI value of 42.3674. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for VOLATO GROUP INC?
The buy/sell signal for VOLATO GROUP INC (SOAR) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for VOLATO GROUP INC?
VOLATO GROUP INC (SOAR) has a resistance level at 1.31. Check the full technical report for our detailed analysis of SOAR support and resistance levels.