SDA Technical Analysis - SUNCAR TECHNOLOGY GROUP IN-A

Technical Rating and Analysis

Taking everything into account, SDA scores 4 out of 10 in our technical rating. In the past year, SDA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

96% of all other stocks performed better in the past year than SDA.

SDA is one of the lesser performing stocks in the Diversified Consumer Services industry. 79% of 73 stocks in the same industry do better.

SDA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month SDA has a been trading in the 2.21 - 2.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SUNCAR TECHNOLOGY GROUP IN-A / SDA Weekly stock chart

SUNCAR TECHNOLOGY GROUP IN-A / SDA Daily stock chart

Setup Rating and Analysis

SDA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.62

2.96

When analyzing the support we notice one important area.

A support zone ranging from 2.65 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 2.70 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.80 from a trend line in the daily time frame.
Resistance @2.86 from a horizontal line in the daily time frame.
Resistance @2.93 from a horizontal line in the daily time frame.

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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 SDA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SDA is up.
ChartMill Relative Strength	4.78	NEGATIVE	SDA has a low relative strength, it was outperformed by 95.22% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SDA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SDA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SDA is below a declining SMA(200).
Relative Strength Index/RSI (14)	61.05	NEUTRAL	The RSI value for SDA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SDA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.97	NEUTRAL	The Stochastics value for SDA is a neutral value.
Average True Range in percent/ATR (20)	6.98	HIGH VOLATILITY	The high ATR as a percentage value for SDA suggests high volalility.
Average Directional Index/ADX (14)	42.59	POSITIVE	The high ADX value value for SDA suggests a strong trend.