STAAR SURGICAL CO (STAA) Stock Technical Analysis
NASDAQ:STAA - US8523123052 - Common Stock
27.85 USD
+0.08 (+0.29%)
27.85 USD
0 (0%)
Taking everything into account, STAA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, STAA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
STAA is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. STAA outperforms 79% of them.
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 1794600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that STAA is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big 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.
Besides having an excellent technical rating, STAA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
16.50
29.39
We found 4 important support areas.
- A support zone ranging from 27.77 to 27.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.67 from a trend line in the daily time frame.
- Support @17.44 from a trend line in the daily time frame.
- A support zone ranging from 16.67 to 16.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.94 to 28.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.10 from a horizontal line in the daily 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 STAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STAA is up. |
| ChartMill Relative Strength | 76.25 | POSITIVE | STAA 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 STAA is above the rising 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) | DOWN | MIXED | The current price of STAA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.57 | OVERBOUGHT | The high RSI value suggests STAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests STAA has a negative trend. |
| Stochastics (14,3) | 61.31 | NEUTRAL | The Stochastics value for STAA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for STAA suggests some volalility. |
| Average Directional Index/ADX (14) | 52.39 | 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)
27.85
+0.08 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.29%
1 Week-1.83%
2 Weeks2.16%
1 Month45.05%
3 Month49.09%
6 Month65.09%
12 Month-16.29%
2 Year-35.77%
3 Year-70.56%
5 Year-41.92%
10 Year248.56%
15 Year509.41%
Volatility
ATR(14)1.26
ATR(20)%4.02%
ATR Inc-65.33%
Range Today0.53
ADR(20)0.69
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.25
Mansfield1.01
10 Day High30.81
10 Day Low27.17
20 Day High30.81
20 Day Low17.2
52 Week High38.6
52 Week Low13.5
CS1 End27.84
CR1 Start27.94
Volume & EV
DER(3)-1.03%
DER(5)-1.7%
Volume476.20K
Volume Incr-76.83%
Vol(5)780.30K
Vol(50)1.79M