NYSEARCA:SEG - NYSE Arca - US8122152007 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SEG. SEG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SEG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.80, a Stop Loss order could be placed below this zone.
17.62
When analyzing the support we notice one important area.
4 important resistance areas can be observed.
19.49
+0.34 (+1.78%)