SWEETGREEN INC - CLASS A (SG) Stock Technical Analysis
NYSE:SG - New York Stock Exchange, Inc. - US87043Q1085 - Common Stock - Currency: USD
We assign a technical rating of 0 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.
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: 97% of all stocks are doing better.
SG is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, of which 92% are performing better than SG.
SG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SG is lagging the market.
In the last month SG has a been trading in the 11.86 - 15.14 range, which is quite wide. It is currently trading near the lows of this range.
SG has an average volume of 5110330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SG does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
12.10
14.12
When analyzing the support we notice one important area.
- A support zone ranging from 12.22 to 12.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.83 to 12.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.10 to 13.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.98 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 | DOWN | NEGATIVE | The short term trend for SG is down. |
| ChartMill Relative Strength | 3.01 | NEGATIVE | SG has a low relative strength, it was outperformed by 96.99% 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) | 39.66 | 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) | 16.21 | OVERSOLD | The low Stochastics value suggests SG may be oversold. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for SG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.73 | POSITIVE | The high ADX value value for SG suggests a strong 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)
12.82
+0.55 (+4.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg4.48%
1 Week1.91%
2 Weeks-8.75%
1 Month-3.32%
3 Month-49.78%
6 Month-60.4%
12 Month-57.47%
2 Year0%
3 Year10.04%
5 Year76.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%6.97%
ATR Inc3.56%
Range Today1.11
ADR(20)0.89
ADR(20)%6.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.01
Mansfield-5.63
10 Day High14.49
10 Day Low11.86
20 Day High15.14
20 Day Low11.86
52 Week High45.12
52 Week Low11.86
CS1 End12.26
CR1 Start12.83
Volume & EV
DER(3)-0.1%
DER(5)-2.01%
Volume4.27M
Volume Incr4.66%
Vol(5)5.18M
Vol(50)5.11M