SGC Technical Analysis - SUPERIOR GROUP OF COS INC

Technical Rating and Analysis

Taking everything into account, SGC scores 1 out of 10 in our technical rating. SGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

87% of all other stocks performed better in the past year than SGC.

SGC is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, of which 61% are performing better than SGC.

SGC 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.

In the last month SGC has a been trading in the 10.50 - 13.04 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SUPERIOR GROUP OF COS INC / SGC Weekly stock chart

SUPERIOR GROUP OF COS INC / SGC Daily stock chart

Setup Rating and Analysis

SGC 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.36

13.16

We found 2 important support areas.

Support @10.58 from a horizontal line in the daily time frame.
A support zone ranging from 9.45 to 9.66. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @11.97 from a horizontal line in the daily time frame.
Resistance @12.49 from a trend line in the weekly time frame.
Resistance @13.03 from a trend line in the daily time frame.

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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 SGC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SGC is down.
ChartMill Relative Strength	13.48	NEGATIVE	SGC has a low relative strength, it was outperformed by 86.52% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SGC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SGC is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SGC is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.77	NEUTRAL	The RSI value for SGC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests SGC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.12	OVERSOLD	The low Stochastics value suggests SGC may be oversold.
Average True Range in percent/ATR (20)	5.06	HIGH VOLATILITY	The high ATR as a percentage value for SGC suggests high volalility.
Average Directional Index/ADX (14)	19.72	NEGATIVE	The low ADX value for SGC suggests a weak or negative trend.