Total Bond Market Bear -1X Direxion (SAGG) Technical Analysis
NYSEARCA:SAGG
Current stock price
SAGG Technical Rating and Analysis
Overall SAGG gets a technical rating of 4 out of 10. Although SAGG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- SAGG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SAGG has a been trading in the 28.04 - 32.51 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: SAGG has an average volume of 1050 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, SAGG did better than 86% of all other stocks. On top of that, SAGG also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Volume is considerably higher in the last couple of days.
SAGG Weekly and Daily overview Charts
SAGG Setup Rating and Analysis
SAGG has an average technical rating and it also does not offer a high quality setup 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
SAGG Support and Resistance Analysis
27.89
When analyzing the support we notice one important area.
- A support zone ranging from 28.17 to 28.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.17 to 29.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SAGG Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SAGG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAGG is down. |
| ChartMill Relative Strength | 86.11 | POSITIVE | SAGG has a high relative strength, it outperformed 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for SAGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SAGG has a negative trend. |
| Stochastics (14,3) | 13.71 | OVERSOLD | The low Stochastics value suggests SAGG may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SAGG suggests some volalility. |
SAGG Chart- and CandleStick Pattern Analysis
SAGG Technicals: Chart, Performance Metrics, Trend & Indicators
Total Bond Market Bear -1X Direxion
NYSEARCA:SAGG (3/27/2020, 8:30:23 PM)
28.641
-0.03 (-0.1%)
Total Bond Market Bear -1X Direxion / SAGG TA FAQ
What is the technical rating for SAGG stock?
ChartMill assigns a technical rating of 3 / 10 to SAGG.
Can you provide the trend direction for Total Bond Market Bear -1X Direxion?
The current trend direction for Total Bond Market Bear -1X Direxion (SAGG) is Bearish.
What is the RSI signal for SAGG stock?
Total Bond Market Bear -1X Direxion (SAGG) has an RSI value of 42.9221. This indicates that the stock is currently neutral.
What are the support and resistance levels for Total Bond Market Bear -1X Direxion (SAGG) stock?
Total Bond Market Bear -1X Direxion (SAGG) has a support level at 28.23 and a resistance level at 29.17. Check the full technical report for our detailed analysis of SAGG support and resistance levels.