SEAGEN INC (SGEN) Stock Technical Analysis
NASDAQ:SGEN - Nasdaq - US81181C1045 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SGEN. Both in the recent history as in the last year, SGEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SGEN did better than 91% of all other stocks.
SGEN is part of the Biotechnology industry. There are 560 other stocks in this industry. SGEN outperforms 89% of them.
SGEN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SGEN is leading the market.
In the last month SGEN has a been trading in the 211.77 - 228.96 range, which is quite wide. It is currently trading near the high of this range.
SGEN has an average volume of 1875360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although SGEN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
119.06
231.03
5 important support areas can be observed.
- A support zone ranging from 211.74 to 218.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 206.39 to 207.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @197.64 from a horizontal line in the daily time frame.
- Support @123.44 from a horizontal line in the weekly time frame.
- Support @120.26 from a horizontal 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 | UP | POSITIVE | The long term trend for SGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGEN is up. |
| ChartMill Relative Strength | 91.69 | POSITIVE | SGEN has a high relative strength, it outperformed 91.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.92 | OVERBOUGHT | The high RSI value suggests SGEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.62 | POSITIVE | The MACD value suggests SGEN has a positive trend. |
| Stochastics (14,3) | 99.05 | OVERBOUGHT | The high Stochastics value suggests SGEN may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for SGEN suggests low volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for SGEN 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)
228.74
-0.16 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.07%
1 Week6%
2 Weeks7.13%
1 Month6.91%
3 Month9.76%
6 Month15.34%
12 Month76.48%
2 Year47.96%
3 Year30.6%
5 Year303.71%
10 Year473.43%
15 Year2458.61%
Volatility
ATR(14)2.02
ATR(20)%0.84%
ATR Inc106.34%
Range Today0.22
ADR(20)1.5
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.69
Mansfield0.86
10 Day High228.96
10 Day Low212.44
20 Day High228.96
20 Day Low211.77
52 Week High228.96
52 Week Low123.77
CS1 End218.72
CR1 StartN/A
Volume & EV
DER(3)0.77%
DER(5)2.58%
Volume20.08M
Volume Incr637.15%
Vol(5)7.53M
Vol(50)1.88M