STAAR SURGICAL CO (STAA) Stock Technical Analysis
USA - NASDAQ:STAA - US8523123052 - Common Stock
27.67 USD
-0.03 (-0.11%)
27.67 USD
0 (0%)
Taking everything into account, STAA scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STAA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
STAA is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 87% of 191 stocks in the same industry.
STAA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
STAA has an average volume of 1746630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, STAA did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
STAA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STAA is lagging the market.
In the last month STAA has a been trading in a tight range between 27.20 and 28.63.
STAA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.66, a Stop Loss order could be placed below this zone.
More info and screens
16.50
28.86
We found 5 important support areas.
- A support zone ranging from 27.32 to 27.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.58 from a trend line in the daily time frame.
- Support @17.82 from a trend line in the daily time frame.
- Support @17.05 from a trend line in the weekly time frame.
- Support @16.67 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.37 to 28.57. 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 STAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STAA is up. |
| ChartMill Relative Strength | 85.39 | POSITIVE | STAA has a high relative strength, it outperformed 85.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STAA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.08 | NEUTRAL | The RSI value for STAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests STAA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.48 | NEUTRAL | The Stochastics value for STAA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for STAA suggests low volalility. |
| Average Directional Index/ADX (14) | 53.15 | POSITIVE | The high ADX value value for STAA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.74 | 27.31 | 0.43 (1.54%) | 25.00% |
| An entry @27.74. This is a Buy Stop order right above the 10 day moving average. | An exit @27.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 1.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of STAA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.67
-0.03 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.11%
1 Week-0.07%
2 Weeks1.13%
1 Month-2.47%
3 Month69.34%
6 Month56.15%
12 Month-8.95%
2 Year-31.13%
3 Year-60.78%
5 Year-51.08%
10 Year256.57%
15 Year411.46%
Volatility
ATR(14)0.45
ATR(20)%1.76%
ATR Inc-9.41%
Range Today0.42
ADR(20)0.48
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.39
Mansfield0.99
10 Day High28.38
10 Day Low27.2
20 Day High28.63
20 Day Low27.2
52 Week High38.6
52 Week Low13.5
CS1 End27.66
CR1 Start28.37
Volume & EV
DER(3)-5.56%
DER(5)-5.95%
Volume479.50K
Volume Incr-49.32%
Vol(5)490.30K
Vol(50)1.75M