SAGE THERAPEUTICS INC (SAGE) Stock Technical Analysis
NASDAQ:SAGE - Nasdaq - US78667J1088 - Common Stock - Currency: USD
Overall SAGE gets a technical rating of 6 out of 10. SAGE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SAGE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SAGE is lagging the market slightly.
SAGE 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.
SAGE has an average volume of 2817770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SAGE outperforms 50% of them, which is more or less in line with the market.
SAGE is an average performer in the Biotechnology industry, it outperforms 60% of 549 stocks in the same industry.
SAGE has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.33
9.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.67 to 8.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.90 to 7.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.30 to 9.31. 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 SAGE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAGE is neutral. |
| ChartMill Relative Strength | 50.53 | NEUTRAL | SAGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.6 | NEUTRAL | The RSI value for SAGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SAGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.59 | OVERSOLD | The low Stochastics value suggests SAGE may be oversold. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for SAGE suggests low volalility. |
| Average Directional Index/ADX (14) | 33.15 | POSITIVE | The high ADX value value for SAGE suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 8.86 | 8.67 | 0.19 (2.10%) | 25.00% |
| An entry @8.86. This is a Buy Stop order right above the 10 day moving average. | An exit @8.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 2.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- 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.
8.68
-0.02 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.23%
1 Week-1.03%
2 Weeks-4.93%
1 Month-4.41%
3 Month18.9%
6 Month19.72%
12 Month-9.58%
2 Year-74.97%
3 Year-74.77%
5 Year-80.95%
10 Year-87.3%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.19%
ATR Inc-34%
Range Today0.06
ADR(20)0.09
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.53
Mansfield0.93
10 Day High9.17
10 Day Low8.68
20 Day High9.36
20 Day Low8.68
52 Week High9.36
52 Week Low4.62
CS1 End8.67
CR1 Start9.3
Volume & EV
DER(3)-2.57%
DER(5)0.54%
Volume22.70M
Volume Incr231.78%
Vol(5)7.93M
Vol(50)2.82M