BLOCK INC (SQ) Stock Technical Analysis
NYSE:SQ - New York Stock Exchange, Inc. - US8522341036 - Common Stock - Currency: USD
Taking everything into account, SQ scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SQ did better than 83% of all other stocks. We also observe that the gains produced by SQ over the past year are nicely spread over this period.
SQ is one of the better performing stocks in the Financial Services industry, it outperforms 79% of 101 stocks in the same industry.
SQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SQ is performing more or less in line with the market.
SQ has an average volume of 8989890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SQ has a been trading in the 80.20 - 95.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SQ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 82.96, a Stop Loss order could be placed below this zone.
More info and screens
78.25
99.91
We found 2 important support areas.
- A support zone ranging from 82.01 to 82.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.04 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 87.41 to 89.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 98.25 to 98.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SQ is neutral. |
| ChartMill Relative Strength | 83.84 | POSITIVE | SQ has a high relative strength, it outperformed 83.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.97 | NEUTRAL | The RSI value for SQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests SQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.87 | NEUTRAL | The Stochastics value for SQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for SQ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.55 | NEGATIVE | The low ADX value for SQ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.13 | 82.00 | 7.13 (8.00%) | 12.50% |
| An entry @89.13. This is a Buy Stop order right above the resistance zone. | An exit @82.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.13 points, which is 8.00%. | When investing 12.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.96
+0.58 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.67%
1 Week5.35%
2 Weeks0.24%
1 Month-8.03%
3 Month16.47%
6 Month27.69%
12 Month32.06%
2 Year6.41%
3 Year-28.89%
5 Year16.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.45
ATR(20)%4.13%
ATR Inc-33.93%
Range Today2.05
ADR(20)3.24
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.84
Mansfield0.87
10 Day High93.83
10 Day Low80.2
20 Day High95.78
20 Day Low80.2
52 Week High99.26
52 Week Low55
CS1 End82.96
CR1 Start87.41
Volume & EV
DER(3)0%
DER(5)1.07%
Volume5.80M
Volume Incr-10.18%
Vol(5)6.04M
Vol(50)8.99M