SAFE & GREEN DEVELOPMENT COR (SGD) Stock Technical Analysis
USA - NASDAQ:SGD - US78637J2042 - Common Stock
1.41 USD
+0.11 (+8.46%)
1.36 USD
-0.05 (-3.55%)
Overall SGD gets a technical rating of 5 out of 10. SGD has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
SGD 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.
SGD is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 70% of 63 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, SGD turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
In the last month SGD has a been trading in the 1.05 - 1.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SGD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.74
1.61
When analyzing the support we can see 5 important areas.
- Support @1.21 from a trend line in the weekly time frame.
- Support @1.19 from a trend line in the daily time frame.
- Support @1.01 from a horizontal line in the daily time frame.
- Support @0.80 from a trend line in the daily time frame.
- Support @0.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.48 from a trend line in the daily time frame.
- A resistance zone ranging from 1.57 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SGD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGD is neutral. |
| ChartMill Relative Strength | 63.05 | NEUTRAL | SGD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SGD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.21 | NEUTRAL | The RSI value for SGD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SGD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for SGD is a neutral value. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for SGD suggests high volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for SGD suggests a possible start of a new 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)
1.41
+0.11 (+8.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg8.46%
1 Week19.49%
2 Weeks-9.62%
1 Month6.82%
3 Month69.68%
6 Month5.98%
12 Month-58.1%
2 Year-92.25%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%10.89%
ATR Inc-42.48%
Range Today0.14
ADR(20)0.15
ADR(20)%10.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.05
Mansfield-1.16
10 Day High1.59
10 Day Low1.05
20 Day High1.59
20 Day Low1.05
52 Week High6
52 Week Low0.65
CS1 End1.21
CR1 Start1.48
Volume & EV
DER(3)-5.79%
DER(5)-1.96%
Volume862.50K
Volume Incr22.26%
Vol(5)492.74K
Vol(50)814.47K