STONERIDGE INC (SRI) Stock Technical Analysis
NYSE:SRI - New York Stock Exchange, Inc. - US86183P1021 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SRI. Although SRI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SRI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SRI is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SRI is part of the Automobile Components industry. There are 80 other stocks in this industry, SRI did better than 63% of them.
In the last month SRI has a been trading in the 5.65 - 8.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SRI 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
6.17
11.68
When analyzing the support we notice one important area.
- Support @6.23 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @7.98 from a horizontal line in the weekly time frame.
- Resistance @11.56 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 | UP | POSITIVE | The long term trend for SRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRI is up. |
| ChartMill Relative Strength | 76.25 | POSITIVE | SRI has a high relative strength, it outperformed 76.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SRI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.37 | NEUTRAL | The RSI value for SRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.21 | NEUTRAL | The Stochastics value for SRI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for SRI suggests high volalility. |
| Average Directional Index/ADX (14) | 46.82 | POSITIVE | The high ADX value value for SRI 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)
7.29
-0.37 (-4.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-4.83%
1 Week-8.53%
2 Weeks13.91%
1 Month16.83%
3 Month91.84%
6 Month35.75%
12 Month-54.21%
2 Year-64.33%
3 Year-61.26%
5 Year-64.82%
10 Year-40.1%
15 Year-31.93%
Volatility
ATR(14)0.44
ATR(20)%5.64%
ATR Inc41.95%
Range Today0.46
ADR(20)0.4
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.25
Mansfield-1.25
10 Day High8.81
10 Day Low6.4
20 Day High8.81
20 Day Low5.65
52 Week High18.4
52 Week Low3.54
CS1 End6.23
CR1 Start7.98
Volume & EV
DER(3)1.64%
DER(5)3.31%
Volume260.50K
Volume Incr-14.95%
Vol(5)417.18K
Vol(50)411.45K