SBC Technical Analysis - SBC MEDICAL GROUP HOLDINGS I

Technical Rating and Analysis

Taking everything into account, SBC scores 0 out of 10 in our technical rating. SBC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

94% of all other stocks performed better in the past year than SBC.

SBC is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, of which 85% are performing better than SBC.

SBC 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 SBC has a been trading in the 4.11 - 4.50 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SBC MEDICAL GROUP HOLDINGS I / SBC Weekly stock chart

SBC MEDICAL GROUP HOLDINGS I / SBC Daily stock chart

Setup Rating and Analysis

SBC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SBC 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.94

5.08

When analyzing the support we can see 2 important areas.

Support @4.08 from a horizontal line in the weekly time frame.
Support @3.98 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 4.20 to 4.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.49 from a horizontal line in the weekly time frame.
Resistance @5.03 from a trend line in the weekly time frame.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for SBC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SBC is down.
ChartMill Relative Strength	6.34	NEGATIVE	SBC has a low relative strength, it was outperformed by 93.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SBC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SBC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SBC is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.69	NEUTRAL	The RSI value for SBC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests SBC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.49	NEUTRAL	The Stochastics value for SBC is a neutral value.
Average True Range in percent/ATR (20)	3.28	MEDIUM VOLATILITY	The ATR as a percentage value for SBC suggests some volalility.
Average Directional Index/ADX (14)	14.77	NEGATIVE	The low ADX value for SBC suggests a weak or negative trend.