SAGA COMMUNICATIONS INC-CL A (SGA) Stock Technical Analysis
NASDAQ:SGA • US7865983008
Overall SGA gets a technical rating of 6 out of 10. SGA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- Warning: SGA has an average volume of 11255 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- SGA is one of the better performing stocks in the Media industry, it outperforms 73% of 91 stocks in the same industry.
- When comparing the performance of all stocks over the past year, SGA turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
- SGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGA is lagging the market.
- In the last month SGA has a been trading in the 11.10 - 12.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SGA has an average technical rating and it also does not offer a high quality setup 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
10.94
When analyzing the support we notice one important area.
- A support zone ranging from 11.05 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @11.98 from a horizontal line in the weekly time frame.
- Resistance @12.22 from a trend line in the weekly time frame.
- Resistance @12.75 from a horizontal line in the daily time frame.
- Resistance @13.14 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SGA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGA is up. |
| ChartMill Relative Strength | 45.9 | NEUTRAL | SGA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SGA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.32 | NEUTRAL | The RSI value for SGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.59 | NEUTRAL | The Stochastics value for SGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for SGA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for SGA suggests a possible start of a new trend. |
11.79
-0.95 (-7.46%)
SAGA COMMUNICATIONS INC-CL A / SGA FAQ
Can you provide the ChartMill technical rating for SAGA COMMUNICATIONS INC-CL A?
ChartMill assigns a technical rating of 6 / 10 to SGA.
What is the current trend direction of SAGA COMMUNICATIONS INC-CL A (SGA) stock?
The current trend direction for SAGA COMMUNICATIONS INC-CL A (SGA) is Bearish.
Can you provide the RSI signal for SAGA COMMUNICATIONS INC-CL A?
SAGA COMMUNICATIONS INC-CL A (SGA) has an RSI value of 53.3172. This indicates that the stock is currently neutral.
What is the MACD signal for SGA stock?
The MACD indicator for SAGA COMMUNICATIONS INC-CL A (SGA) has a value of 0.0925333, indicating a bearish trend.
What are the support and resistance levels for SAGA COMMUNICATIONS INC-CL A (SGA) stock?
SAGA COMMUNICATIONS INC-CL A (SGA) has a support level at 11.72 and a resistance level at 11.98. Check the full technical report for our detailed analysis of SGA support and resistance levels.