STRAIGHT PATH COMMUNICATNS INC (STRP) Stock Technical Analysis
NYSEARCA:STRP - NYSE Arca -
We assign a technical rating of 7 out of 10 to STRP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STRP is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
STRP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STRP is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that STRP is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month STRP has a been trading in a tight range between 181.26 and 186.25.
Volume is considerably higher in the last couple of days.
Although STRP has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
176.72
187.74
When analyzing the support we notice one important area.
- A support zone ranging from 178.50 to 183.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 183.49 to 185.88. 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 STRP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STRP is neutral. |
| ChartMill Relative Strength | 99.46 | POSITIVE | STRP has a high relative strength, it outperformed 99.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STRP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STRP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for STRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests STRP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.37 | NEUTRAL | The Stochastics value for STRP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for STRP suggests low volalility. |
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)
STRAIGHT PATH COMMUNICATNS INC
NYSEARCA:STRP (2/27/2018, 8:33:15 PM)
After market: 182.54 -0.83 (-0.45%)183.37
-2.5 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.35%
1 Week0.2%
2 Weeks0.2%
1 Month0.37%
3 Month0.63%
6 Month2.39%
12 Month461.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%0.52%
ATR Inc316.23%
Range Today3.65
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.46
Mansfield0.45
10 Day High186.25
10 Day Low181.26
20 Day High186.25
20 Day Low181.26
52 Week High235.88
52 Week Low26.89
CS1 End183.33
CR1 Start183.49
Volume & EV
DER(3)5.96%
DER(5)2.88%
Volume1.83M
Volume Incr241.1%
Vol(5)547.80K
Vol(50)225.12K