SWEETGREEN INC - CLASS A (SG) Technical Analysis
NYSE:SG • US87043Q1085
Current stock price
SG Technical Rating and Analysis
Taking everything into account, SG scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than SG.
- SG is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 88% 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 5.16 - 6.30 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SG has an average volume of 4257930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SG Weekly and Daily overview Charts
SG Setup Rating and Analysis
Although the technical rating is bad, SG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
SG Support and Resistance Analysis
5.07
We found 1 important support area.
- A support zone ranging from 5.12 to 5.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.23 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.40 from a trend line in the daily time frame.
- A resistance zone ranging from 5.49 to 5.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.96 to 6.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for SG is down. |
| ChartMill Relative Strength | 4.37 | NEGATIVE | SG has a low relative strength, it was outperformed by 95.63% 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) | 41.6 | NEUTRAL | The RSI value for SG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SG has a negative trend. |
| Stochastics (14,3) | 11.94 | OVERSOLD | The low Stochastics value suggests SG may be oversold. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for SG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.38 | NEGATIVE | The low ADX value for SG suggests a weak or negative trend. |
SG Chart- and CandleStick Pattern Analysis
SG Technicals: Chart, Performance Metrics, Trend & Indicators
5.23
-0.05 (-0.95%)
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 0 / 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.
What is the RSI signal for SWEETGREEN INC - CLASS A (SG) stock?
SWEETGREEN INC - CLASS A (SG) has an RSI value of 41.6049. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SWEETGREEN INC - CLASS A?
The buy/sell signal for SWEETGREEN INC - CLASS A (SG) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for SWEETGREEN INC - CLASS A (SG) stock?
SWEETGREEN INC - CLASS A (SG) has a support level at 5.13 and a resistance level at 5.23. Check the full technical report for our detailed analysis of SG support and resistance levels.