SRFM Technical Analysis - SURF AIR MOBILITY INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to SRFM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRFM is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, SRFM did better than 94% of all other stocks. On top of that, SRFM also shows a nice and consistent pattern of rising prices.

SRFM is part of the Passenger Airlines industry. There are 21 other stocks in this industry. SRFM outperforms 90% of them.

SRFM has an average volume of 2699570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

In the last month SRFM has a been trading in the 4.04 - 6.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SURF AIR MOBILITY INC / SRFM Weekly stock chart

SURF AIR MOBILITY INC / SRFM Daily stock chart

Setup Rating and Analysis

SRFM has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.92

8.52

2 important support areas can be observed.

A support zone ranging from 4.39 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.96 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @5.29 from a trend line in the daily time frame.
Resistance @5.46 from a horizontal line in the daily time frame.
Resistance @8.44 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for SRFM is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SRFM is up.
ChartMill Relative Strength	94.86	POSITIVE	SRFM has a high relative strength, it outperformed 94.86% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SRFM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SRFM is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SRFM is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.95	NEUTRAL	The RSI value for SRFM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests SRFM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.01	NEUTRAL	The Stochastics value for SRFM is a neutral value.
Average True Range in percent/ATR (20)	8.19	HIGH VOLATILITY	The high ATR as a percentage value for SRFM suggests high volalility.
Average Directional Index/ADX (14)	37.29	POSITIVE	The high ADX value value for SRFM suggests a strong trend.