SOLO BRANDS INC - CLASS A (SBDS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBDS - US83425V2034 - Common Stock
Taking everything into account, SBDS scores 0 out of 10 in our technical rating. SBDS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of SBDS is bad and it also does not present a 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.
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6.26
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.33 to 6.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.86 from a trend line in the daily time frame.
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 SBDS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBDS is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SBDS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBDS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBDS is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.19 | NEUTRAL | The RSI value for SBDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SBDS has a positive trend. |
| Stochastics (14,3) | 20.91 | NEUTRAL | The Stochastics value for SBDS is a neutral value. |
| Average True Range in percent/ATR (20) | 20.62 | HIGH VOLATILITY | The high ATR as a percentage value for SBDS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for SBDS suggests a weak or negative trend. |
6.32
+0.07 (+1.12%)
SOLO BRANDS INC - CLASS A / SBDS FAQ
What is the ChartMill technical rating of SOLO BRANDS INC - CLASS A (SBDS) stock?
ChartMill assigns a technical rating of 0 / 10 to SBDS.
What is the current trend direction of SOLO BRANDS INC - CLASS A (SBDS) stock?
The current trend direction for SOLO BRANDS INC - CLASS A (SBDS) is Bearish.
What is the RSI signal for SBDS stock?
SOLO BRANDS INC - CLASS A (SBDS) has an RSI value of 40.1906. This indicates that the stock is currently neutral.
What is the short term momentum for SBDS stock?
The short term momentum for SOLO BRANDS INC - CLASS A (SBDS) is negative.
What is the buy/sell signal for SOLO BRANDS INC - CLASS A (SBDS) stock?
The buy/sell signal for SOLO BRANDS INC - CLASS A (SBDS) is sell as both the short term and long term trends are negative.