SUPER GROUP SGHC LTD (SGHC) Stock Technical Analysis
NYSE:SGHC • GG00BMG42V42
Taking everything into account, SGHC scores 5 out of 10 in our technical rating. In the past year, SGHC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- 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.
- Looking at the yearly performance, SGHC did better than 78% of all other stocks.
- SGHC is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 88% of 126 stocks in the same industry.
- In the last month SGHC has a been trading in the 8.46 - 11.25 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SGHC has an average volume of 2631800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SGHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGHC is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SGHC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.26
We found 2 important support areas.
- Support @8.67 from a horizontal line in the daily time frame.
- Support @8.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.00 to 11.05. This zone is formed by a combination of multiple trend lines in the daily 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 SGHC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGHC is up. |
| ChartMill Relative Strength | 78.72 | POSITIVE | SGHC has a high relative strength, it outperformed 78.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGHC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SGHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.98 | NEUTRAL | The RSI value for SGHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SGHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.66 | OVERBOUGHT | The high Stochastics value suggests SGHC may be overbought. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for SGHC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for SGHC suggests a strong trend. |
10.7
-0.34 (-3.08%)
SUPER GROUP SGHC LTD / SGHC FAQ
What is the ChartMill technical rating of SUPER GROUP SGHC LTD (SGHC) stock?
ChartMill assigns a technical rating of 5 / 10 to SGHC.
Can you provide the trend direction for SUPER GROUP SGHC LTD?
The current trend direction for SUPER GROUP SGHC LTD (SGHC) is Bearish.
What is the RSI signal for SGHC stock?
SUPER GROUP SGHC LTD (SGHC) has an RSI value of 60.9755. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SUPER GROUP SGHC LTD?
SUPER GROUP SGHC LTD (SGHC) has a support level at 8.67 and a resistance level at 11. Check the full technical report for our detailed analysis of SGHC support and resistance levels.