The Hourly View for SAM
Currently, SAM (Get Ratings)’s price is down $-16.5 (-1.42%) from the hour prior. SAM has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 200 hour changed directions on SAM; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
SAM ranks 15th in terms of today’s price percentage change out of Beer & Liquor stocks.
SAM’s Technical Outlook on the Daily Chart
Currently, SAM’s price is down $-45.51 (-3.82%) from the day prior. SAM has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SAM’s price action over the past 90 days.
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