Taking everything into account, STAI scores 0 out of 10 in our technical rating. STAI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
STAI has a poor technical rating and the quality of the setup is also only medium 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.
2.50
When analyzing the resistance we notice 2 important areas.
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 STAI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STAI is down. |
| ChartMill Relative Strength | 0.5 | NEGATIVE | STAI has a low relative strength, it was outperformed by 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STAI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STAI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.31 | NEUTRAL | The RSI value for STAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests STAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.94 | OVERSOLD | The low Stochastics value suggests STAI may be oversold. |
| Average True Range in percent/ATR (20) | 26.84 | HIGH VOLATILITY | The high ATR as a percentage value for STAI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.86 | NEUTRAL | The ADX value for STAI suggests a possible start of a new trend. |
2.53
-0.12 (-4.53%)
ChartMill assigns a technical rating of 0 / 10 to STAI.
The current trend direction for SCANTECH AI SYSTEMS INC (STAI) is Bearish.
SCANTECH AI SYSTEMS INC (STAI) has an RSI value of 33.3057. This indicates that the stock is currently neutral.
The MACD indicator for SCANTECH AI SYSTEMS INC (STAI) has a value of 0.127668, indicating a bearish trend.
The buy/sell signal for SCANTECH AI SYSTEMS INC (STAI) is sell as both the short term and long term trends are negative.