SUZANO SA - SPON ADR (SUZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SUZ - US86959K1051 - ADR
We assign a technical rating of 7 out of 10 to SUZ. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SUZ is a bad performer.
- When comparing the yearly performance of all stocks, SUZ is a bad performer in the overall market: 61% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- SUZ is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 87% of 9 stocks in the same industry.
- In the last month SUZ has a been trading in the 9.03 - 10.06 range, which is quite wide. It is currently trading near the high of this range.
- SUZ has an average volume of 2437270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SUZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SUZ is lagging the market.
Although SUZ has an excellent technical rating, the quality of the presented setup is not ideal 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
8.58
We found 3 important support areas.
- A support zone ranging from 9.41 to 9.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.19 to 9.24. 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 8.67 to 8.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @9.86 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.81 to 10.94. 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 SUZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUZ is up. |
| ChartMill Relative Strength | 39.62 | NEUTRAL | SUZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.65 | NEUTRAL | The RSI value for SUZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SUZ has a positive trend. |
| Stochastics (14,3) | 77.57 | NEUTRAL | The Stochastics value for SUZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for SUZ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.13 | NEGATIVE | The low ADX value for SUZ suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 9.87 | 9.11 | 0.76 (7.70%) | 12.99% |
| An entry @9.87. This is a Buy Stop order right above the resistance zone. | An exit @9.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.76 points, which is 7.70%. | When investing 12.99% 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.
9.86
+0.11 (+1.13%)
SUZANO SA - SPON ADR / SUZ FAQ
What is the ChartMill technical rating of SUZANO SA - SPON ADR (SUZ) stock?
ChartMill assigns a technical rating of 7 / 10 to SUZ.
What is the trend direction for SUZ stock?
The current trend direction for SUZANO SA - SPON ADR (SUZ) is Bullish.
What is the RSI signal for SUZ stock?
SUZANO SA - SPON ADR (SUZ) has an RSI value of 64.6518. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUZANO SA - SPON ADR?
The MACD indicator for SUZANO SA - SPON ADR (SUZ) has a value of 0.0274441, indicating a bearish trend.
What are the support and resistance levels for SUZANO SA - SPON ADR (SUZ) stock?
SUZANO SA - SPON ADR (SUZ) has a support level at 9.63 and a resistance level at 9.86. Check the full technical report for our detailed analysis of SUZ support and resistance levels.