SUNOPTA INC (STKL) Stock Technical Analysis
USA - NASDAQ:STKL - CA8676EP1086 - Common Stock
Overall STKL gets a technical rating of 4 out of 10. STKL was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
STKL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STKL 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.
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5.63
We found 3 important support areas.
- A support zone ranging from 6.10 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.81 from a trend line in the daily time frame.
- Support @5.69 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.56 to 6.74. 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 STKL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STKL is neutral. |
| ChartMill Relative Strength | 27.51 | NEGATIVE | STKL has a low relative strength, it was outperformed by 72.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of STKL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STKL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of STKL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.77 | NEUTRAL | The RSI value for STKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests STKL has a negative trend. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for STKL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for STKL suggests some volalility. |
| Average Directional Index/ADX (14) | 10.15 | NEGATIVE | The low ADX value for STKL suggests a weak or negative trend. |
6.23
-0.19 (-2.96%)