STONERIDGE INC (SRI) Stock Technical Analysis
NYSE:SRI • US86183P1021
We assign a technical rating of 9 out of 10 to SRI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- SRI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SRI is lagging the market slightly.
- Looking at the yearly performance, SRI did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SRI is part of the Automobile Components industry. There are 41 other stocks in this industry, SRI did better than 70% of them.
- In the last month SRI has a been trading in the 6.20 - 9.71 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 offer a high 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
5.59
3 important support areas can be observed.
- A support zone ranging from 7.94 to 7.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.85 from a trend line in the daily time frame.
- Support @5.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.83 to 8.83. 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 SRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRI is up. |
| ChartMill Relative Strength | 89.16 | POSITIVE | SRI has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SRI is below 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) | UP | POSITIVE | The current price of SRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.34 | NEUTRAL | The RSI value for SRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SRI has a negative trend. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for SRI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for SRI suggests high volalility. |
| Average Directional Index/ADX (14) | 38.05 | POSITIVE | The high ADX value value for SRI suggests a strong trend. |
7.95
-0.03 (-0.38%)
STONERIDGE INC / SRI FAQ
What is the technical rating for SRI stock?
ChartMill assigns a technical rating of 9 / 10 to SRI.
Can you provide the trend direction for STONERIDGE INC?
The current trend direction for STONERIDGE INC (SRI) is Bullish.
What is the RSI signal for STONERIDGE INC (SRI) stock?
STONERIDGE INC (SRI) has an RSI value of 53.3363. This indicates that the stock is currently neutral.
What is the MACD signal for SRI stock?
The MACD indicator for STONERIDGE INC (SRI) has a value of -0.116978, indicating a bearish trend.
Can you provide the support and resistance levels for STONERIDGE INC?
STONERIDGE INC (SRI) has a support level at 7.94 and a resistance level at 8.83. Check the full technical report for our detailed analysis of SRI support and resistance levels.