VOLATO GROUP INC (SOAR) Stock Technical Analysis
USA - NYSEARCA:SOAR - US74349W3025 - Common Stock
We assign a technical rating of 4 out of 10 to SOAR. In the past year, SOAR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SOAR has an average technical rating and it also does not offer a high quality setup 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.
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1.74
When analyzing the support we can see 2 important areas.
- Support @2.06 from a horizontal line in the daily time frame.
- Support @1.76 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.94 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SOAR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOAR is neutral. |
| ChartMill Relative Strength | 9.13 | NEGATIVE | SOAR has a low relative strength, it was outperformed by 90.87% 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) | UP | POSITIVE | The current price of SOAR is above the rising 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) | 47.63 | NEUTRAL | The RSI value for SOAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SOAR has a negative trend. |
| Stochastics (14,3) | 8.17 | OVERSOLD | The low Stochastics value suggests SOAR may be oversold. |
| Average True Range in percent/ATR (20) | 20.41 | HIGH VOLATILITY | The high ATR as a percentage value for SOAR suggests high volalility. |
| Average Directional Index/ADX (14) | 49.73 | POSITIVE | The high ADX value value for SOAR suggests a strong trend. |
2.11
-0.01 (-0.47%)
VOLATO GROUP INC / SOAR FAQ
Can you provide the ChartMill technical rating for VOLATO GROUP INC?
ChartMill assigns a technical rating of 4 / 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 47.6315. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for VOLATO GROUP INC?
VOLATO GROUP INC (SOAR) has a support level at 2.06 and a resistance level at 3.94. Check the full technical report for our detailed analysis of SOAR support and resistance levels.