SUNOPTA INC (STKL) Stock Technical Analysis
NASDAQ:STKL - Nasdaq - CA8676EP1086 - Common Stock - Currency: USD
Overall STKL gets a technical rating of 6 out of 10. In the past year, STKL was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
STKL is part of the Food Products industry. There are 89 other stocks in this industry. STKL outperforms 79% of them.
STKL has an average volume of 1122930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, STKL did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
STKL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so STKL is lagging the market slightly.
In the last month STKL has a been trading in the 5.63 - 6.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 5.97, a Stop Loss order could be placed below this zone.
More info and screens
3.96
7.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.87 to 5.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.67 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.00 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @6.31 from a horizontal line in the weekly time frame.
- Resistance @6.45 from a horizontal line in the daily time frame.
- Resistance @7.18 from a trend line in the daily time frame.
- Resistance @7.82 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 | NEUTRAL | NEUTRAL | The long term trend for STKL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STKL is up. |
| ChartMill Relative Strength | 80.75 | POSITIVE | STKL has a high relative strength, it outperformed 80.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STKL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STKL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of STKL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.37 | NEUTRAL | The RSI value for STKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests STKL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.11 | NEUTRAL | The Stochastics value for STKL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for STKL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.71 | POSITIVE | The high ADX value value for STKL 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 |
|---|---|---|---|
| 6.32 | 5.86 | 0.46 (7.28%) | 13.74% |
| An entry @6.32. This is a Buy Stop order right above the resistance zone. | An exit @5.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.46 points, which is 7.28%. | When investing 13.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
5.99
+0.08 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.35%
1 Week-1.16%
2 Weeks4.36%
1 Month-0.33%
3 Month14.97%
6 Month-22.51%
12 Month12.81%
2 Year-10.46%
3 Year-23.01%
5 Year27.45%
10 Year-44.18%
15 Year36.76%
Volatility
ATR(14)0.23
ATR(20)%3.89%
ATR Inc-10.99%
Range Today0.21
ADR(20)0.22
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.75
Mansfield-0.66
10 Day High6.21
10 Day Low5.63
20 Day High6.33
20 Day Low5.63
52 Week High8.11
52 Week Low3.64
CS1 End5.97
CR1 Start6.31
Volume & EV
DER(3)-3.6%
DER(5)-2.67%
Volume667.40K
Volume Incr-22.1%
Vol(5)776.72K
Vol(50)1.12M