STRONG GLOBAL ENTERTAINMEN-A (SGE) Stock Technical Analysis
USA - NYSEARCA:SGE - CA86335G1090 - Common Stock
We assign a technical rating of 3 out of 10 to SGE. In the past year, SGE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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
1.26
When analyzing the support we can see 3 important areas.
- 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.
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. |
NYSEARCA:SGE (9/27/2024, 8:19:41 PM)
1.55
-0.04 (-2.52%)
STRONG GLOBAL ENTERTAINMEN-A / SGE 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 current trend direction of STRONG GLOBAL ENTERTAINMEN-A (SGE) stock?
The current trend direction for STRONG GLOBAL ENTERTAINMEN-A (SGE) is Bearish.
What is the RSI signal for 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 MACD signal for STRONG GLOBAL ENTERTAINMEN-A (SGE) stock?
The MACD indicator for STRONG GLOBAL ENTERTAINMEN-A (SGE) has a value of 0.0109325, indicating a bearish trend.
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.