SMART GLOBAL HOLDINGS INC (SGH) Stock Technical Analysis
NASDAQ:SGH • KYG8232Y1017
Taking everything into account, SGH scores 4 out of 10 in our technical rating. In the past year, SGH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- SGH is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 60% of 113 stocks in the same industry do better.
- 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 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.
Although the technical rating is only medium, SGH does present a nice setup opportunity. 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
3 important support areas can be observed.
- 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. |
20.85
+0.09 (+0.43%)
SMART GLOBAL HOLDINGS INC / SGH FAQ
What is the ChartMill technical rating of SMART GLOBAL HOLDINGS INC (SGH) stock?
ChartMill assigns a technical rating of 4 / 10 to SGH.
What is the trend direction for SGH stock?
The current trend direction for SMART GLOBAL HOLDINGS INC (SGH) is Bearish.
What is the RSI signal for SMART GLOBAL HOLDINGS INC (SGH) stock?
SMART GLOBAL HOLDINGS INC (SGH) has an RSI value of 55.354. This indicates that the stock is currently neutral.
What is the short term momentum for SGH stock?
The short term momentum for SMART GLOBAL HOLDINGS INC (SGH) is neutral.