SAS AB Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of SAS AB in the last trading day. The price has risen in 5 of the last 10 days and is up by 3.98% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the 0O1W.L stock was 23.50 kr.
During day the stock fluctuated 0.00% from a day low at 23.50 kr to a day high of 23.50 kr.
30 day high of the 0O1W.L stock price was 23.87 kr and low was 19.96 kr.
90 day high was 23.87 kr and low was 18.28 kr.
52 week high for the SAS AB - 23.87 kr and low - 16.23 kr.
SAS AB lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 23.77 kr will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 9.09% during the next 3 months and, with 90% probability hold a price between 22.33 kr and 25.93 kr at the end of this period.
SAS AB holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at 23.29 kr and 21.54 kr. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock holds a RSI14 at 81 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
SAS AB finds support from accumulated volume at 22.37 kr.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.00 kr between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.69%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: 22.63 kr (-3.70%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.