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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SOAR is a bad performer in the overall market: 99% of all stocks are doing better.
- SOAR is one of the lesser performing stocks in the Passenger Airlines industry. 85% 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 0.41 - 0.94 range, which is quite wide. It is currently trading near the lows of this range.
- SOAR has an average volume of 3174890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher 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
0.48
When analyzing the resistance we notice 2 important areas.
- Resistance @0.53 from a trend line in the daily time frame.
- Resistance @0.88 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 | 1.18 | NEGATIVE | SOAR has a low relative strength, it was outperformed by 98.82% 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) | 37.97 | NEUTRAL | The RSI value for SOAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SOAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 12.7 | OVERSOLD | The low Stochastics value suggests SOAR may be oversold. |
| Average True Range in percent/ATR (20) | 21.85 | HIGH VOLATILITY | The high ATR as a percentage value for SOAR suggests high volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for SOAR suggests a weak or negative trend. |
0.486
-0.01 (-2.25%)
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 trend direction for 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 37.9678. This indicates that the stock is currently neutral.
What is the short term momentum for SOAR stock?
The short term momentum for VOLATO GROUP INC (SOAR) is negative.
What is the support and resistance level for SOAR stock?
VOLATO GROUP INC (SOAR) has a resistance level at 0.53. Check the full technical report for our detailed analysis of SOAR support and resistance levels.