SWEETGREEN INC - CLASS A (SG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SG - US87043Q1085 - Common Stock
6.53 USD
-0.25 (-3.69%)
6.57 USD
+0.04 (+0.61%)
Overall SG gets a technical rating of 1 out of 10. SG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SG is a bad performer in the overall market: 94% of all stocks are doing better.
SG is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 85% of 133 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 6.38 - 7.48 range, which is quite wide. It is currently trading near the lows of this range.
SG has an average volume of 5968930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
6.45
7.34
When analyzing the support we notice one important area.
- Support @6.52 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.83 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.21 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SG is neutral. |
| ChartMill Relative Strength | 6.35 | NEGATIVE | SG has a low relative strength, it was outperformed by 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SG is below the rising 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) | 44.88 | NEUTRAL | The RSI value for SG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SG has a negative trend. |
| Stochastics (14,3) | 29.75 | NEUTRAL | The Stochastics value for SG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for SG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.42 | NEGATIVE | The low ADX value for SG suggests a weak or negative 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)
6.53
-0.25 (-3.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-3.69%
1 Week-3.12%
2 Weeks-9.93%
1 Month1.87%
3 Month-20.75%
6 Month-55.55%
12 Month-80.3%
2 Year-42.21%
3 Year-23.8%
5 Year-14.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%5.65%
ATR Inc-24.32%
Range Today0.26
ADR(20)0.36
ADR(20)%5.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.35
3 months CRS16.09
6 months CRS5.13
Mansfield-6.18
10 Day High7.43
10 Day Low6.52
20 Day High7.48
20 Day Low6.38
52 Week High35.95
52 Week Low5.14
CS1 End6.52
CR1 Start6.83
Volume & EV
DER(3)-1.02%
DER(5)-0.1%
Volume3.77M
Volume Incr-20.69%
Vol(5)3.34M
Vol(50)5.97M
SWEETGREEN INC - CLASS A / SG FAQ
What is the ChartMill technical rating of SWEETGREEN INC - CLASS A (SG) stock?
ChartMill assigns a technical rating of 1 / 10 to SG.
What is the trend direction for SG stock?
The current trend direction for SWEETGREEN INC - CLASS A (SG) is Bearish.
What is the RSI signal for SWEETGREEN INC - CLASS A (SG) stock?
SWEETGREEN INC - CLASS A (SG) has an RSI value of 44.8823. This indicates that the stock is currently neutral.
What is the MACD signal for SG stock?
The MACD indicator for SWEETGREEN INC - CLASS A (SG) has a value of -0.0342898, indicating a bearish trend.
What is the short term momentum for SG stock?
The short term momentum for SWEETGREEN INC - CLASS A (SG) is neutral.