SUPER GROUP SGHC LTD (SGHC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SGHC - GG00BMG42V42 - Common Stock
Taking everything into account, SGHC scores 7 out of 10 in our technical rating. In the last year, SGHC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Besides having an excellent technical rating, SGHC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.18. Right above this resistance zone may be a good entry point.
More info and screens
8.77
We found 6 important support areas.
- Support @11.28 from a trend line in the weekly time frame.
- Support @11.00 from a trend line in the daily time frame.
- Support @10.79 from a horizontal line in the weekly time frame.
- Support @10.55 from a horizontal line in the daily time frame.
- Support @10.38 from a horizontal line in the daily time frame.
- Support @8.86 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.18 to 12.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.74 from a horizontal line 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 | UP | POSITIVE | The long term trend for SGHC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGHC is neutral. |
| ChartMill Relative Strength | 93.96 | POSITIVE | SGHC has a high relative strength, it outperformed 93.96% 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 | NEGATIVE | The current price of SGHC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.33 | NEUTRAL | The RSI value for SGHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SGHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.89 | NEUTRAL | The Stochastics value for SGHC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for SGHC suggests high volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for SGHC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.49 | 11.53 | 0.96 (7.69%) | 13.01% |
| An entry @12.49. This is a Buy Stop order right above the resistance zone. | An exit @11.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.96 points, which is 7.69%. | For a 1.00% total portfolio risk, you can invest 13.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SGHC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.96
+0.37 (+3.19%)
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 7 / 10 to SGHC.
What is the current trend direction of SUPER GROUP SGHC LTD (SGHC) stock?
The current trend direction for SUPER GROUP SGHC LTD (SGHC) is Bullish.
What is the RSI signal for SUPER GROUP SGHC LTD (SGHC) stock?
SUPER GROUP SGHC LTD (SGHC) has an RSI value of 48.3268. This indicates that the stock is currently neutral.
What is the MACD signal for SGHC stock?
The MACD indicator for SUPER GROUP SGHC LTD (SGHC) has a value of 0.0340914, indicating a bearish trend.
What is the short term momentum for SGHC stock?
The short term momentum for SUPER GROUP SGHC LTD (SGHC) is neutral.