SAFE & GREEN DEVELOPMENT COR (SGD) Stock Technical Analysis
NASDAQ:SGD - US78637J2042 - Common Stock
1.15 USD
-0.03 (-2.54%)
1.13 USD
-0.02 (-1.74%)
Taking everything into account, SGD scores 3 out of 10 in our technical rating. SGD'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than SGD.
SGD is one of the lesser performing stocks in the Real Estate Management & Development industry. 88% of 63 stocks in the same industry do better.
SGD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SGD has a been trading in the 1.00 - 2.10 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.
SGD has an average volume of 3321480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SGD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.74
1.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.01 from a horizontal line in the daily time frame.
- Support @0.79 from a trend line in the daily time frame.
- Support @0.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.26 from a trend line in the weekly time frame.
- Resistance @1.32 from a horizontal line in the daily time frame.
- Resistance @1.84 from a trend 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 | DOWN | NEGATIVE | The long term trend for SGD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGD is neutral. |
| ChartMill Relative Strength | 5.41 | NEGATIVE | SGD has a low relative strength, it was outperformed by 94.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.12 | NEUTRAL | The RSI value for SGD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for SGD is a neutral value. |
| Average True Range in percent/ATR (20) | 17.47 | HIGH VOLATILITY | The high ATR as a percentage value for SGD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for SGD suggests a strong 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)
1.15
-0.03 (-2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-2.54%
1 Week-6.5%
2 Weeks-3.36%
1 Month-18.44%
3 Month5.5%
6 Month1.43%
12 Month-76.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%17.47%
ATR Inc-53.66%
Range Today0.04
ADR(20)0.19
ADR(20)%16.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.41
Mansfield-4.33
10 Day High1.47
10 Day Low1.09
20 Day High2.1
20 Day Low1
52 Week High6.25
52 Week Low0.65
CS1 End1.07
CR1 Start1.26
Volume & EV
DER(3)-6.64%
DER(5)-3.34%
Volume47.30K
Volume Incr-98.21%
Vol(5)146.72K
Vol(50)3.32M