STAAR SURGICAL CO (STAA) Stock Technical Analysis
NASDAQ:STAA - Nasdaq - US8523123052 - Common Stock - Currency: USD
Taking everything into account, STAA scores 0 out of 10 in our technical rating. STAA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, STAA is a bad performer in the overall market: 94% of all stocks are doing better.
STAA is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 75% of 187 stocks in the same industry do better.
STAA 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.
In the last month STAA has a been trading in the 16.19 - 18.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
STAA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STAA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.20
19.61
2 important support areas can be observed.
- A support zone ranging from 16.50 to 16.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.35 to 15.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 17.58 to 17.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.17 from a horizontal line in the daily time frame.
- Resistance @19.42 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for STAA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STAA is neutral. |
| ChartMill Relative Strength | 6.16 | NEGATIVE | STAA has a low relative strength, it was outperformed by 93.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STAA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STAA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STAA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for STAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests STAA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.05 | NEUTRAL | The Stochastics value for STAA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for STAA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.82 | NEGATIVE | The low ADX value for STAA suggests a weak or negative 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)
17.38
-0.43 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.41%
1 Week-2.69%
2 Weeks3.27%
1 Month-0.52%
3 Month3.51%
6 Month-24.43%
12 Month-63.11%
2 Year-68.27%
3 Year-78.46%
5 Year-70.13%
10 Year98.18%
15 Year187.75%
Volatility
ATR(14)0.72
ATR(20)%3.99%
ATR Inc8.89%
Range Today0.54
ADR(20)0.67
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.16
Mansfield-3.55
10 Day High18.01
10 Day Low16.4
20 Day High18.01
20 Day Low16.19
52 Week High46.79
52 Week Low13.5
CS1 End16.69
CR1 Start17.58
Volume & EV
DER(3)6.88%
DER(5)4.6%
Volume372.80K
Volume Incr-24.03%
Vol(5)618.94K
Vol(50)840.52K