VOLATO GROUP INC (SOAR) Stock Technical Analysis
NYSEARCA:SOAR - NYSE Arca - US74349W3025 - Common Stock - Currency: USD
Taking everything into account, SOAR scores 1 out of 10 in our technical rating. SOAR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than SOAR.
SOAR is one of the lesser performing stocks in the Passenger Airlines industry. 104% of 22 stocks in the same industry do better.
SOAR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SOAR has a been trading in the 1.18 - 2.29 range, which is quite wide. It is currently trading near the lows of this range.
SOAR has an average volume of 3125800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SOAR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.20
1.41
When analyzing the support we can see 2 important areas.
- Support @1.34 from a trend line in the daily time frame.
- Support @1.21 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 | 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 | 1.33 | NEGATIVE | SOAR has a low relative strength, it was outperformed by 98.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOAR is below the rising 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) | 44.45 | NEUTRAL | The RSI value for SOAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SOAR has a negative trend. |
| Stochastics (14,3) | 14.45 | OVERSOLD | The low Stochastics value suggests SOAR may be oversold. |
| Average True Range in percent/ATR (20) | 14.01 | HIGH VOLATILITY | The high ATR as a percentage value for SOAR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for SOAR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.4
-0.03 (-2.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-2.1%
1 Week-3.45%
2 Weeks-13.58%
1 Month6.06%
3 Month-38.6%
6 Month-69.65%
12 Month-88.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%14.01%
ATR Inc-46.28%
Range Today0.12
ADR(20)0.18
ADR(20)%12.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.33
Mansfield-7.26
10 Day High2.29
10 Day Low1.24
20 Day High2.29
20 Day Low1.18
52 Week High19.06
52 Week Low1.14
CS1 End1.34
CR1 StartN/A
Volume & EV
DER(3)2.94%
DER(5)1.51%
Volume228.90K
Volume Incr-88.86%
Vol(5)329.54K
Vol(50)3.13M