SURF AIR MOBILITY INC (SRFM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SRFM • US8689272032
Overall SRFM gets a technical rating of 0 out of 10. SRFM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SRFM is a bad performer in the overall market: 95% of all stocks are doing better.
- SRFM is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 80% are performing better than SRFM.
- SRFM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month SRFM has a been trading in the 2.01 - 3.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SRFM has an average volume of 4221620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SRFM is bad and it also does not present a quality setup 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
1.80
We found 3 important support areas.
- Support @1.91 from a trend line in the weekly time frame.
- Support @1.85 from a trend line in the weekly time frame.
- Support @1.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.37 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.56 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.69 to 2.71. 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 | DOWN | NEGATIVE | The long term trend for SRFM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRFM is down. |
| ChartMill Relative Strength | 5.53 | NEGATIVE | SRFM has a low relative strength, it was outperformed by 94.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRFM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRFM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SRFM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.63 | NEUTRAL | The RSI value for SRFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SRFM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.86 | OVERSOLD | The low Stochastics value suggests SRFM may be oversold. |
| Average True Range in percent/ATR (20) | 13.28 | HIGH VOLATILITY | The high ATR as a percentage value for SRFM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.13 | NEGATIVE | The low ADX value for SRFM suggests a weak or negative trend. |
2.02
0 (0%)
SURF AIR MOBILITY INC / SRFM FAQ
What is the ChartMill technical rating of SURF AIR MOBILITY INC (SRFM) stock?
ChartMill assigns a technical rating of 0 / 10 to SRFM.
What is the trend direction for SRFM stock?
The current trend direction for SURF AIR MOBILITY INC (SRFM) is Bearish.
Can you provide the RSI signal for SURF AIR MOBILITY INC?
SURF AIR MOBILITY INC (SRFM) has an RSI value of 37.6325. This indicates that the stock is currently neutral.
What is the short term momentum for SURF AIR MOBILITY INC (SRFM) stock?
The short term momentum for SURF AIR MOBILITY INC (SRFM) is negative.
What is the support and resistance level for SRFM stock?
SURF AIR MOBILITY INC (SRFM) has a support level at 1.91 and a resistance level at 2.37. Check the full technical report for our detailed analysis of SRFM support and resistance levels.