SAFE PRO GROUP INC (SPAI) Stock Technical Analysis
NASDAQ:SPAI - Nasdaq - US78642D1019 - Common Stock - Currency: USD
Overall SPAI gets a technical rating of 5 out of 10. In the past year, SPAI 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.
When comparing the yearly performance of all stocks, SPAI is a bad performer in the overall market: 100% of all stocks are doing better.
SPAI is one of the lesser performing stocks in the Aerospace & Defense industry. 95% of 65 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SPAI has a been trading in the 2.57 - 3.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SPAI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for SPAI 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
2.59
3.64
When analyzing the support we can see 3 important areas.
- Support @2.98 from a trend line in the daily time frame.
- A support zone ranging from 2.81 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.62 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @3.07 from a horizontal line in the daily time frame.
- Resistance @3.28 from a horizontal line in the weekly time frame.
- Resistance @3.34 from a trend line in the weekly time frame.
- Resistance @3.60 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 SPAI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPAI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SPAI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPAI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.53 | NEUTRAL | The RSI value for SPAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPAI has a positive trend. |
| Stochastics (14,3) | 62.25 | NEUTRAL | The Stochastics value for SPAI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for SPAI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for SPAI suggests a weak or negative 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)
3.01
+0.08 (+2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.73%
1 Week8.66%
2 Weeks14.71%
1 Month3.08%
3 Month-7.1%
6 Month-32.51%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.32%
ATR Inc-18.12%
Range Today0.1
ADR(20)0.22
ADR(20)%7.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High3.25
10 Day Low2.57
20 Day High3.25
20 Day Low2.57
52 Week HighN/A
52 Week LowN/A
CS1 End2.98
CR1 Start3.07
Volume & EV
DER(3)8.52%
DER(5)4.17%
Volume32.60K
Volume Incr38.1%
Vol(5)52.18K
Vol(50)56.52K