STRONG GLOBAL ENTERTAINMEN-A (SGE) Technical Analysis
NYSEARCA:SGE • CA86335G1090
Current stock price
SGE Technical Rating and Analysis
Overall SGE gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SGE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SGE is a bad performer in the overall market: 85% of all stocks are doing better.
- SGE is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 75% of 124 stocks in the same industry do better.
- SGE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SGE is lagging the market.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SGE has a been trading in the 1.33 - 1.68 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.
SGE Weekly and Daily overview Charts
SGE Setup Rating and Analysis
Although the technical rating is bad, SGE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SGE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SGE Support and Resistance Analysis
1.26
3 important support areas can be observed.
- A support zone ranging from 1.48 to 1.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.33 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.27 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.57 from a trend line in the weekly time frame.
- Resistance @1.61 from a trend line in the daily time frame.
- A resistance zone ranging from 1.67 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.81 from a trend line in the weekly time frame.
SGE 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 | NEUTRAL | NEUTRAL | The long term trend for SGE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGE is up. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | SGE has a low relative strength, it was outperformed by 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for SGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGE has a positive trend. |
| Stochastics (14,3) | 63.89 | NEUTRAL | The Stochastics value for SGE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for SGE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.69 | POSITIVE | The high ADX value value for SGE suggests a strong trend. |
SGE Chart- and CandleStick Pattern Analysis
SGE Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SGE (9/27/2024, 8:19:41 PM)
1.55
-0.04 (-2.52%)
STRONG GLOBAL ENTERTAINMEN-A / SGE TA FAQ
Can you provide the ChartMill technical rating for STRONG GLOBAL ENTERTAINMEN-A?
ChartMill assigns a technical rating of 3 / 10 to SGE.
What is the trend direction for SGE stock?
The current trend direction for STRONG GLOBAL ENTERTAINMEN-A (SGE) is Bearish.
What is the RSI signal for STRONG GLOBAL ENTERTAINMEN-A (SGE) stock?
STRONG GLOBAL ENTERTAINMEN-A (SGE) has an RSI value of 53.6948. This indicates that the stock is currently neutral.
What is the short term momentum for STRONG GLOBAL ENTERTAINMEN-A (SGE) stock?
The short term momentum for STRONG GLOBAL ENTERTAINMEN-A (SGE) is positive.
What is the support and resistance level for SGE stock?
STRONG GLOBAL ENTERTAINMEN-A (SGE) has a support level at 1.51 and a resistance level at 1.57. Check the full technical report for our detailed analysis of SGE support and resistance levels.