SIGMA ADDITIVE SOLUTIONS INC (SASI) Stock Technical Analysis
NASDAQ:SASI - Nasdaq - US8265986096 - Common Stock - Currency: USD
Overall SASI gets a technical rating of 6 out of 10. In the last year, SASI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
79% of all other stocks performed better in the past year than SASI.
SASI is part of the Software industry. There are 284 other stocks in this industry, of which 61% are performing better than SASI.
SASI 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SASI has a been trading in the 2.51 - 4.34 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SASI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.76
4.59
When analyzing the support we notice one important area.
- Support @2.79 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.51 to 4.54. 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 | NEUTRAL | NEUTRAL | The long term trend for SASI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SASI is up. |
| ChartMill Relative Strength | 21.8 | NEGATIVE | SASI has a low relative strength, it was outperformed by 78.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SASI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SASI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SASI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.85 | OVERBOUGHT | The high RSI value suggests SASI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SASI has a positive trend. |
| Stochastics (14,3) | 95.86 | OVERBOUGHT | The high Stochastics value suggests SASI may be overbought. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for SASI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for SASI suggests a possible start of a new 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)
4.15
-0.02 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.48%
1 Week45.62%
2 Weeks36.33%
1 Month27.3%
3 Month36.96%
6 Month16.97%
12 Month-56.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%7.09%
ATR Inc71.65%
Range Today0.44
ADR(20)0.28
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.8
Mansfield-3.23
10 Day High4.34
10 Day Low2.51
20 Day High4.34
20 Day Low2.51
52 Week High11
52 Week Low2.39
CS1 End2.79
CR1 Start4.51
Volume & EV
DER(3)22.4%
DER(5)13.9%
Volume32.50K
Volume Incr744.16%
Vol(5)118.90K
Vol(50)374.15K