SWEETGREEN INC - CLASS A (SG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SG - US87043Q1085 - Common Stock
We assign a technical rating of 1 out of 10 to SG. 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.
SG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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When analyzing the support we notice one important area.
- A support zone ranging from 6.40 to 6.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.01 to 7.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.10 from a trend line in the daily 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 SG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SG is neutral. |
| ChartMill Relative Strength | 4.55 | NEGATIVE | SG has a low relative strength, it was outperformed by 95.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SG is above 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) | 56.03 | NEUTRAL | The RSI value for SG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SG has a positive trend. |
| Stochastics (14,3) | 82.49 | OVERBOUGHT | The high Stochastics value suggests SG may be overbought. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for SG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.46 | NEGATIVE | The low ADX value for SG suggests a weak or negative trend. |
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+0.1 (+1.45%)
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 56.0297. 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 0.106313, 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.