Taking everything into account, SANG scores 1 out of 10 in our technical rating. SANG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SANG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.26
We found 3 important support areas.
- Support @4.95 from a horizontal line in the weekly time frame.
- Support @4.86 from a trend line in the daily time frame.
- Support @4.30 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.08 to 5.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.35 to 5.46. 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 | DOWN | NEGATIVE | The long term trend for SANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SANG is down. |
| ChartMill Relative Strength | 20.06 | NEGATIVE | SANG has a low relative strength, it was outperformed by 79.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SANG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SANG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SANG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.13 | NEUTRAL | The RSI value for SANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SANG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.24 | NEUTRAL | The Stochastics value for SANG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for SANG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.13 | NEGATIVE | The low ADX value for SANG suggests a weak or negative trend. |
5.0686
+0.03 (+0.57%)
SANGOMA TECHNOLOGIES CORP / SANG FAQ
What is the technical rating for SANG stock?
ChartMill assigns a technical rating of 1 / 10 to SANG.
What is the trend direction for SANG stock?
The current trend direction for SANGOMA TECHNOLOGIES CORP (SANG) is Bearish.
What is the RSI signal for SANG stock?
SANGOMA TECHNOLOGIES CORP (SANG) has an RSI value of 48.1278. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SANGOMA TECHNOLOGIES CORP?
The short term momentum for SANGOMA TECHNOLOGIES CORP (SANG) is negative.
What is the buy/sell signal for SANG stock?
The buy/sell signal for SANGOMA TECHNOLOGIES CORP (SANG) is sell as both the short term and long term trends are negative.