SOY Technical Analysis - SUNOPTA INC

Technical Rating and Analysis

Overall SOY gets a technical rating of 2 out of 10. SOY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, SOY is a bad performer in the overall market: 75% of all stocks are doing better.

SOY is one of the lesser performing stocks in the Food Products industry. 73% of 16 stocks in the same industry do better.

In the last month SOY has a been trading in the 8.34 - 9.22 range, which is quite wide. It is currently trading near the lows of this range.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

SOY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOY is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SOY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.43, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.88

9.29

When analyzing the support we can see 2 important areas.

A support zone ranging from 8.43 to 8.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.96 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 8.46 to 8.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.92 to 9.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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 SOY.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SOY.CA is neutral.
ChartMill Relative Strength	25.22	NEGATIVE	SOY.CA has a low relative strength, it was outperformed by 74.78% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SOY.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SOY.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SOY.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.45	NEUTRAL	The RSI value for SOY.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SOY.CA has a negative trend.
Stochastics (14,3)	29.62	NEUTRAL	The Stochastics value for SOY.CA is a neutral value.
Average True Range in percent/ATR (20)	3.05	MEDIUM VOLATILITY	The ATR as a percentage value for SOY.CA suggests some volalility.
Average Directional Index/ADX (14)	10.89	NEGATIVE	The low ADX value for SOY.CA suggests a weak or negative trend.