SG Technical Analysis - SWEETGREEN INC - CLASS A

Technical Rating and Analysis

Overall SG gets a technical rating of 0 out of 10. SG'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, SG is a bad performer in the overall market: 99% of all stocks are doing better.

SG is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 88% of 135 stocks in the same industry do better.

SG 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 SG has a been trading in the 8.01 - 9.26 range, which is quite wide. It is currently trading near the lows of this range.

SG has an average volume of 6212730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SWEETGREEN INC - CLASS A / SG Weekly stock chart

SWEETGREEN INC - CLASS A / SG Daily stock chart

Setup Rating and Analysis

SG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.07

9.67

When analyzing the resistance we notice 5 important areas.

Resistance @8.17 from a trend line in the daily time frame.
A resistance zone ranging from 8.50 to 8.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @8.88 from a horizontal line in the daily time frame.
Resistance @9.09 from a trend line in the weekly time frame.
Resistance @9.57 from a trend 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 SG is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SG is down.
ChartMill Relative Strength	1.68	NEGATIVE	SG has a low relative strength, it was outperformed by 98.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SG is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SG is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SG is below a declining SMA(200).
Relative Strength Index/RSI (14)	35.52	NEUTRAL	The RSI value for SG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests SG has a positive trend, although the MACD value is declining.
Stochastics (14,3)	14.3	OVERSOLD	The low Stochastics value suggests SG may be oversold.
Average True Range in percent/ATR (20)	5.08	HIGH VOLATILITY	The high ATR as a percentage value for SG suggests high volalility.
Average Directional Index/ADX (14)	25.28	POSITIVE	The high ADX value value for SG suggests a strong trend.