STRONGHOLD DIGITAL MINING-A (SDIG) Stock Technical Analysis
NASDAQ:SDIG - Nasdaq - US86337R2022 - Common Stock - Currency: USD
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.
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, SDIG is a bad performer in the overall market: 91% of all stocks are doing better.
SDIG is part of the Software industry. There are 283 other stocks in this industry, of which 81% are performing better than SDIG.
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.
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
2.66
4.86
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.81
+0.09 (+3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.31%
1 Week-9.35%
2 Weeks-2.43%
1 Month-16.12%
3 Month-41.34%
6 Month-39.05%
12 Month-31.46%
2 Year-54.68%
3 Year-95.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%8.89%
ATR Inc-26.26%
Range Today0.14
ADR(20)0.24
ADR(20)%8.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.19
Mansfield-2.82
10 Day High3.18
10 Day Low2.6
20 Day High3.53
20 Day Low2.6
52 Week High6.7
52 Week Low1.65
CS1 End2.75
CR1 Start2.87
Volume & EV
DER(3)-10.07%
DER(5)-14.26%
Volume45.10K
Volume Incr137.09%
Vol(5)402.50K
Vol(50)290.09K