SLM CORP (SLM)
US78442P1066 - Common Stock
We assign a technical rating of 10 out of 10 to SLM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SLM is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, SLM also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by SLM, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SLM is leading the market.
SLM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SLM has an average volume of 2459590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLM is an average performer in the Consumer Finance industry, it outperforms 66% of 52 stocks in the same industry.
Besides having an excellent technical rating, SLM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.80. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.83
28.16
We found 6 important support areas.
- Support @26.09 from a horizontal line in the daily time frame.
- Support @23.70 from a horizontal line in the daily time frame.
- A support zone ranging from 22.52 to 22.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.49 to 21.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @20.51 from a horizontal line in the daily time frame.
- Support @20.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.80 to 27.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.22
Mansfield1.68
10 Day High28.24
10 Day Low25.84
20 Day High28.24
20 Day Low24.92
52 Week High28.24
52 Week Low18.04
Performance
1 Week2.24%
2 Weeks4.59%
1 Month11.79%
3 Month25.92%
6 Month33.48%
12 Month47.35%
2 Year67.41%
3 Year41.28%
5 Year211.9%
10 Year172.72%
15 Year590.43%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)63.32
LBB25.78
UBB28.07
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 |
|---|---|---|---|
| 27.89 | 25.83 | 2.06 (7.39%) | 13.54% |
| An entry @27.89. This is a Buy Stop order right above the resistance zone. | An exit @25.83. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.06 points, which is 7.39%. | When investing 13.54% 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.
SLM CORP
NASDAQ:SLM (12/20/2024, 8:00:02 PM)
Premarket: 27.92 +0.13 (+0.47%)27.79
+0.32 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg1.16%
1 Week2.24%
2 Weeks4.59%
1 Month11.79%
3 Month25.92%
6 Month33.48%
12 Month47.35%
2 Year67.41%
3 Year41.28%
5 Year211.9%
10 Year172.72%
15 Year590.43%
Volatility
ATR(14)0.78
ATR(20)%3.07%
ATR Inc40.29%
Range Today0.96
ADR(20)0.81
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.22
Mansfield1.68
10 Day High28.24
10 Day Low25.84
20 Day High28.24
20 Day Low24.92
52 Week High28.24
52 Week Low18.04
CS1 End26.09
CR1 Start27.8
Volume & EV
DER(3)-5.29%
DER(5)-3.12%
Volume12.07M
Volume Incr110.28%
Vol(5)5.42M
Vol(50)2.46M