SALZGITTER AG (SZG.DE) Stock Technical Analysis
FRA:SZG - DE0006202005 - Common Stock
22.28 EUR
-0.16 (-0.71%)
We assign a technical rating of 6 out of 10 to SZG. SZG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that SZG is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by SZG over the past year are nicely spread over this period.
In the last month SZG has a been trading in the 21.20 - 24.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SZG is an average performer in the Metals & Mining industry, it outperforms 63% of 37 stocks in the same industry.
SZG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SZG is lagging the market.
Considerably lower volume is observed in the last couple of days.
SZG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.27, a Stop Loss order could be placed below this zone.
More info and screens
18.85
27.98
We found 5 important support areas.
- A support zone ranging from 22.22 to 22.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.29 from a trend line in the weekly time frame.
- Support @20.59 from a trend line in the daily time frame.
- Support @19.39 from a horizontal line in the weekly time frame.
- Support @19.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.29 to 22.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.30 to 27.70. 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 SZG.DE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SZG.DE is down. |
| ChartMill Relative Strength | 86.92 | POSITIVE | SZG.DE has a high relative strength, it outperformed 86.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SZG.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SZG.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SZG.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.21 | NEUTRAL | The RSI value for SZG.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SZG.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for SZG.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for SZG.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.33 | NEGATIVE | The low ADX value for SZG.DE suggests a weak or negative 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 |
|---|---|---|---|
| 22.46 | 22.21 | 0.25 (1.11%) | 25.00% |
| An entry @22.46. This is a Buy Stop order right above the resistance zone. | An exit @22.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 1.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- The distance between exit and entry is rather small compared to the average daily movement of SZG. Please evaluate whether better entry and exit points can be found.
- 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.
FRA:SZG (8/29/2025, 7:00:00 PM)
22.28
-0.16 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.71%
1 Week-0.18%
2 Weeks2.01%
1 Month-1.59%
3 Month6.1%
6 Month13.85%
12 Month40.83%
2 Year-18.09%
3 Year-9.21%
5 Year64.98%
10 Year-19.78%
15 Year-53.47%
Volatility
ATR(14)0.81
ATR(20)%3.76%
ATR Inc-16.61%
Range Today0.58
ADR(20)0.81
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.92
Mansfield0.48
10 Day High23.24
10 Day Low21.2
20 Day High24.08
20 Day Low21.2
52 Week High29.72
52 Week Low12.96
CS1 End22.27
CR1 Start22.29
Volume & EV
DER(3)-2.42%
DER(5)-1.19%
Volume86.28K
Volume Incr-10.69%
Vol(5)139.92K
Vol(50)248.01K