STRONGHOLD DIGITAL MINING-A (SDIG) Stock Technical Analysis
USA - NASDAQ:SDIG - US86337R2022 - Common Stock
Taking everything into account, SDIG scores 0 out of 10 in our technical rating. SDIG'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.
Although the technical rating is bad, SDIG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.66
2 important support areas can be observed.
- 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.
4 important resistance areas can be observed.
- 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.
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. |
2.81
+0.09 (+3.31%)
STRONGHOLD DIGITAL MINING-A / SDIG FAQ
What is the ChartMill technical rating of STRONGHOLD DIGITAL MINING-A (SDIG) stock?
ChartMill assigns a technical rating of 0 / 10 to SDIG.
What is the current trend direction of STRONGHOLD DIGITAL MINING-A (SDIG) stock?
The current trend direction for STRONGHOLD DIGITAL MINING-A (SDIG) is Bearish.
What is the RSI signal for STRONGHOLD DIGITAL MINING-A (SDIG) stock?
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 is the support and resistance level for 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.