CIA SANEAMENTO BASICO DE-ADR (SBS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBS - US20441A1025 - ADR
We assign a technical rating of 8 out of 10 to SBS. In the last year, SBS was one of the better performers, but we do observe some doubts in the very recent evolution.
SBS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.94, a Stop Loss order could be placed below this zone.
More info and screens
22.05
4 important support areas can be observed.
- A support zone ranging from 24.58 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.83 from a trend line in the daily time frame.
- Support @22.91 from a trend line in the weekly time frame.
- Support @22.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.83 to 26.95. 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 SBS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBS is neutral. |
| ChartMill Relative Strength | 90.97 | POSITIVE | SBS has a high relative strength, it outperformed 90.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.22 | NEUTRAL | The RSI value for SBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SBS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.58 | OVERSOLD | The low Stochastics value suggests SBS may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SBS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for SBS suggests a possible start of a new 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 |
|---|---|---|---|
| 25.63 | 24.57 | 1.06 (4.14%) | 24.14% |
| An entry @25.63. This is a Buy Stop order right above the 10 day moving average. | An exit @24.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.06 points, which is 4.14%. | For a 1.00% total portfolio risk, you can invest 24.14% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SBS. 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.
25.18
+0.45 (+1.82%)
CIA SANEAMENTO BASICO DE-ADR / SBS FAQ
Can you provide the ChartMill technical rating for CIA SANEAMENTO BASICO DE-ADR?
ChartMill assigns a technical rating of 8 / 10 to SBS.
What is the current trend direction of CIA SANEAMENTO BASICO DE-ADR (SBS) stock?
The current trend direction for CIA SANEAMENTO BASICO DE-ADR (SBS) is Bullish.
Can you provide the RSI signal for CIA SANEAMENTO BASICO DE-ADR?
CIA SANEAMENTO BASICO DE-ADR (SBS) has an RSI value of 47.2221. This indicates that the stock is currently neutral.
What is the MACD signal for CIA SANEAMENTO BASICO DE-ADR (SBS) stock?
The MACD indicator for CIA SANEAMENTO BASICO DE-ADR (SBS) has a value of -0.225737, indicating a bearish trend.
What are the support and resistance levels for CIA SANEAMENTO BASICO DE-ADR (SBS) stock?
CIA SANEAMENTO BASICO DE-ADR (SBS) has a support level at 24.94 and a resistance level at 26.83. Check the full technical report for our detailed analysis of SBS support and resistance levels.