SURF AIR MOBILITY INC (SRFM) Stock Technical Analysis
NYSE:SRFM - New York Stock Exchange, Inc. - US8689272032 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to SRFM. Recently some decent action could be observed, but in the medium term time frame this is still negative. SRFM was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SRFM is a bad performer in the overall market: 84% of all stocks are doing better.
SRFM is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 71% are performing better than SRFM.
In the last month SRFM has a been trading in the 1.77 - 5.57 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.
SRFM has an average volume of 3827880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.51
3.69
When analyzing the resistance we notice 2 important areas.
- Resistance @2.69 from a horizontal line in the weekly time frame.
- Resistance @3.65 from a trend line in the weekly 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 SRFM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SRFM is neutral. |
| ChartMill Relative Strength | 16.93 | NEGATIVE | SRFM has a low relative strength, it was outperformed by 83.07% 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 | MIXED | The current price of SRFM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.73 | NEUTRAL | The RSI value for SRFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SRFM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.18 | NEUTRAL | The Stochastics value for SRFM is a neutral value. |
| Average True Range in percent/ATR (20) | 21.32 | HIGH VOLATILITY | The high ATR as a percentage value for SRFM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for SRFM suggests a possible start of a new 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)
2.54
-1.06 (-29.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-29.44%
1 Week26.37%
2 Weeks1.2%
1 Month1.6%
3 Month-23.72%
6 Month-54.72%
12 Month-5.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%21.32%
ATR Inc971.64%
Range Today3.24
ADR(20)0.51
ADR(20)%20.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.93
Mansfield-1.44
10 Day High5.57
10 Day Low1.77
20 Day High5.57
20 Day Low1.77
52 Week High6.72
52 Week Low0.9
CS1 EndN/A
CR1 Start2.69
Volume & EV
DER(3)-2.1%
DER(5)-4.9%
Volume93.19M
Volume Incr4475.04%
Vol(5)34.64M
Vol(50)3.83M