STRONGHOLD DIGITAL MINING-A (SDIG) Technical Analysis
NASDAQ:SDIG • US86337R2022
Current stock price
SDIG Technical Rating and Analysis
Overall SDIG gets a technical rating of 0 out of 10. SDIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than SDIG.
- SDIG is one of the lesser performing stocks in the Software industry. 67% of 275 stocks in the same industry do better.
- SDIG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SDIG is lagging the market.
- In the last month SDIG has a been trading in the 2.60 - 3.52 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SDIG Weekly and Daily overview Charts
SDIG Setup Rating and Analysis
Although the technical rating is bad, SDIG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
SDIG Support and Resistance Analysis
2.66
When analyzing the support we can see 2 important areas.
- Support @2.75 from a trend line in the daily time frame.
- A support zone ranging from 2.69 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @2.87 from a trend line in the daily time frame.
- Resistance @2.99 from a trend line in the daily time frame.
- A resistance zone ranging from 3.11 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.81 from a trend line in the weekly time frame.
SDIG 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 SDIG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SDIG is down. |
| ChartMill Relative Strength | 9.19 | NEGATIVE | SDIG has a low relative strength, it was outperformed by 90.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SDIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SDIG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDIG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.8 | NEUTRAL | The RSI value for SDIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SDIG has a positive trend. |
| Stochastics (14,3) | 29.94 | NEUTRAL | The Stochastics value for SDIG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.89 | HIGH VOLATILITY | The high ATR as a percentage value for SDIG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for SDIG suggests a possible start of a new trend. |
SDIG Chart- and CandleStick Pattern Analysis
SDIG Technicals: Chart, Performance Metrics, Trend & Indicators
2.81
+0.09 (+3.31%)
STRONGHOLD DIGITAL MINING-A / SDIG TA FAQ
What is the ChartMill technical rating of STRONGHOLD DIGITAL MINING-A (SDIG) stock?
ChartMill assigns a technical rating of 0 / 10 to SDIG.
Can you provide the trend direction for STRONGHOLD DIGITAL MINING-A?
The current trend direction for STRONGHOLD DIGITAL MINING-A (SDIG) is Bearish.
Can you provide the RSI signal for STRONGHOLD DIGITAL MINING-A?
STRONGHOLD DIGITAL MINING-A (SDIG) has an RSI value of 42.8016. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STRONGHOLD DIGITAL MINING-A?
The short term momentum for STRONGHOLD DIGITAL MINING-A (SDIG) is negative.
What are the support and resistance levels for STRONGHOLD DIGITAL MINING-A (SDIG) stock?
STRONGHOLD DIGITAL MINING-A (SDIG) has a support level at 2.75 and a resistance level at 2.87. Check the full technical report for our detailed analysis of SDIG support and resistance levels.