SDA Technical Analysis - SUNCAR TECHNOLOGY GROUP IN-A

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to SDA. SDA'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, SDA is a bad performer in the overall market: 97% of all stocks are doing better.

SDA is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, of which 78% are performing better than SDA.

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.

In the last month SDA has a been trading in the 2.30 - 2.82 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

SUNCAR TECHNOLOGY GROUP IN-A / SDA Weekly stock chart

SUNCAR TECHNOLOGY GROUP IN-A / SDA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, SDA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.14

2.96

When analyzing the support we notice one important area.

A support zone ranging from 2.16 to 2.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 2.44 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.63 from a trend line in the weekly time frame.
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 @2.93 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	DOWN	NEGATIVE	The short term trend for SDA is down.
ChartMill Relative Strength	3.71	NEGATIVE	SDA has a low relative strength, it was outperformed by 96.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SDA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SDA is below 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)	38.07	NEUTRAL	The RSI value for SDA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests SDA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.47	OVERSOLD	The low Stochastics value suggests SDA may be oversold.
Average True Range in percent/ATR (20)	6.74	HIGH VOLATILITY	The high ATR as a percentage value for SDA suggests high volalility.
Average Directional Index/ADX (14)	26.71	POSITIVE	The high ADX value value for SDA suggests a strong trend.