SAFE PRO GROUP INC (SPAI) Stock Technical Analysis
NASDAQ:SPAI - US78642D1019 - Common Stock
6.82 USD
-0.09 (-1.3%)
6.4652 USD
-0.35 (-5.2%)
Taking everything into account, SPAI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPAI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SPAI is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 91% of 68 stocks in the same industry.
SPAI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SPAI has a been trading in the 2.86 - 7.39 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, SPAI did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SPAI has an excellent technical rating, it does not present a decent entry opportunity 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
6.75
6.89
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 | UP | POSITIVE | The long term trend for SPAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPAI is up. |
| ChartMill Relative Strength | 96.91 | POSITIVE | SPAI has a high relative strength, it outperformed 96.91% 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). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.5 | OVERBOUGHT | The high RSI value suggests SPAI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests SPAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.64 | OVERBOUGHT | The high Stochastics value suggests SPAI may be overbought. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for SPAI suggests high volalility. |
| Average Directional Index/ADX (14) | 33.76 | POSITIVE | The high ADX value value for SPAI 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)
6.82
-0.09 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.3%
1 Week34.52%
2 Weeks78.06%
1 Month86.34%
3 Month159.92%
6 Month75.77%
12 Month60.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%9.6%
ATR Inc65.34%
Range Today0.85
ADR(20)0.63
ADR(20)%9.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.91
Mansfield9.06
10 Day High7.39
10 Day Low3.71
20 Day High7.39
20 Day Low2.86
52 Week High7.39
52 Week Low1.47
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-7.15%
DER(5)-4.7%
Volume437.00K
Volume Incr75.03%
Vol(5)648.88K
Vol(50)268.63K