SAIA technicals are bearish; death cross and MA stack suggest further downside before recovery.

Next up, into SAIE or SAIA, and another loser on the day as you can see down 6.62% and very much like the last chart, what do you do in a situation where price action is this low on the chart after having been rejected from previous pivot points?

When we flip on our moving averages, ooh, this does not look pretty, guys. This is telling me that we likely, with this daily close, are going to be going lower. Look at that 200 moving average about to cross over the 50.

This is a daily death cross at hand. That is not that good, folks, for current pieces of business on S A E, at least for investors.

Now, if we want to draw another trend line, it's simply this repetitive nature of this technical analysis really helps you key in on all sorts of charts on all sectors because you can do the same thing on each chart.

Now, if I pull in a longer-term trend line, this one happens to date back to the COVID lows, connected over to these pivots, and what do you see? A clear area of major level of support. That's going to be under $300 at $277.91.

This one makes ideal sense. We do have price action looking like it's start to flip to become bearish, could have some heavy selling days bringing in this level sooner rather than you anticipate.

And if we flip to the weekly time frame, that's not looking that good, either.

So, the odds of S A I A moving up in the near term are not looking that good with the moving averages stacking against them with the 50. Now, it's starting to actually inch up towards that 200.

That this is just not that good of a looking chart telling me price action probabilities are likely coming down lower before we're going higher.