STRONG GLOBAL ENTERTAINMEN-A (SGE) Stock Technical Analysis
NYSEARCA:SGE - NYSE Arca - CA86335G1090 - Common Stock - Currency: USD
Taking everything into account, SGE scores 3 out of 10 in our technical rating. 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.
85% of all other stocks performed better in the past year than SGE.
SGE is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 69% of 124 stocks in the same industry do better.
SGE 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.
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.
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
1.83
We found 3 important support 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. |
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)
NYSEARCA:SGE (9/27/2024, 8:19:41 PM)
1.55
-0.04 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.52%
1 Week3.33%
2 Weeks10.56%
1 Month-2.52%
3 Month0.65%
6 Month5.44%
12 Month-29.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.08%
ATR Inc31.21%
Range Today0.05
ADR(20)0.12
ADR(20)%7.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.48
Mansfield-1
10 Day High1.68
10 Day Low1.33
20 Day High1.68
20 Day Low1.33
52 Week High3.25
52 Week Low1.02
CS1 End1.51
CR1 Start1.57
Volume & EV
DER(3)4.53%
DER(5)9.39%
Volume5.40K
Volume Incr-62.48%
Vol(5)22.72K
Vol(50)64.90K