SMART GLOBAL HOLDINGS INC (SGH) Stock Technical Analysis
NASDAQ:SGH - Nasdaq - KYG8232Y1017 - Common Stock - Currency: USD
Overall SGH gets a technical rating of 4 out of 10. SGH has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month SGH has a been trading in the 19.06 - 21.51 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that SGH is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SGH is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 66% of 110 stocks in the same industry.
SGH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGH is lagging the market.
SGH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.76, a Stop Loss order could be placed below this zone.
More info and screens
17.61
29.30
We found 3 important support areas.
- A support zone ranging from 20.30 to 20.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.39 from a trend line in the weekly time frame.
- A support zone ranging from 17.79 to 18.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.30 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.01 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 | NEUTRAL | NEUTRAL | The long term trend for SGH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGH is neutral. |
| ChartMill Relative Strength | 73.56 | POSITIVE | SGH has a high relative strength, it outperformed 73.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SGH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.35 | NEUTRAL | The RSI value for SGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SGH has a positive trend. |
| Stochastics (14,3) | 59.47 | NEUTRAL | The Stochastics value for SGH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for SGH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.07 | NEGATIVE | The low ADX value for SGH suggests a weak or negative 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)
20.85
+0.09 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.43%
1 Week0.14%
2 Weeks-0.48%
1 Month8.03%
3 Month-12.62%
6 Month23.23%
12 Month54.56%
2 Year54.1%
3 Year-22%
5 Year40.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%3.9%
ATR Inc1.92%
Range Today0.72
ADR(20)0.73
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.56
Mansfield-1.01
10 Day High21.42
10 Day Low19.85
20 Day High21.51
20 Day Low19.06
52 Week High29.81
52 Week Low13.14
CS1 End20.76
CR1 Start21.3
Volume & EV
DER(3)-0.67%
DER(5)-2.44%
Volume666.40K
Volume Incr-39.92%
Vol(5)565.40K
Vol(50)859.99K