SWEETGREEN INC - CLASS A (SG) Technical Analysis
NYSE:SG • US87043Q1085
Current stock price
SG Technical Rating and Analysis
Taking everything into account, SG scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SG was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SG is a bad performer in the overall market: 89% of all stocks are doing better.
- SG is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 80% are performing better than SG.
- SG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- SG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SG has an average volume of 4153010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SG Weekly and Daily overview Charts
SG Setup Rating and Analysis
SG has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
SG Support and Resistance Analysis
6.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.07 to 7.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @7.15 from a horizontal line in the daily time frame.
- Resistance @7.38 from a trend line in the daily time frame.
- Resistance @7.98 from a horizontal line in the weekly time frame.
- Resistance @8.24 from a horizontal line in the daily time frame.
SG 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 | UP | POSITIVE | The short term trend for SG is up. |
| ChartMill Relative Strength | 11.64 | NEGATIVE | SG has a low relative strength, it was outperformed by 88.36% 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) | UP | POSITIVE | The current price of SG is above the rising 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) | 63.22 | NEUTRAL | The RSI value for SG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SG has a positive trend. |
| Stochastics (14,3) | 73.5 | NEUTRAL | The Stochastics value for SG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for SG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for SG suggests a strong trend. |
SG Chart- and CandleStick Pattern Analysis
SG Technicals: Chart, Performance Metrics, Trend & Indicators
7.1
+0.22 (+3.2%)
SWEETGREEN INC - CLASS A / SG TA FAQ
What is the ChartMill technical rating of SWEETGREEN INC - CLASS A (SG) stock?
ChartMill assigns a technical rating of 5 / 10 to SG.
Can you provide the trend direction for SWEETGREEN INC - CLASS A?
The current trend direction for SWEETGREEN INC - CLASS A (SG) is Bearish.
Can you provide the RSI signal for SWEETGREEN INC - CLASS A?
SWEETGREEN INC - CLASS A (SG) has an RSI value of 63.2186. This indicates that the stock is currently neutral.
What is the short term momentum for SG stock?
The short term momentum for SWEETGREEN INC - CLASS A (SG) is positive.
Can you provide the buy/sell signal for SWEETGREEN INC - CLASS A?
The buy/sell signal for SWEETGREEN INC - CLASS A (SG) is hold as the short term and long term trends are mixed.