SUPER GROUP SGHC LTD (SGHC) Stock Technical Analysis
NYSE:SGHC - New York Stock Exchange, Inc. - GG00BMG42V42 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SGHC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGHC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SGHC is one of the better performing stocks in the market, outperforming 97% of all stocks.
SGHC is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. SGHC outperforms 96% of them.
SGHC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SGHC is leading the market.
In the last month SGHC has a been trading in the 8.02 - 9.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SGHC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
6.20
8.84
When analyzing the support we can see 4 important areas.
- Support @8.71 from a trend line in the daily time frame.
- A support zone ranging from 8.27 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.69 to 6.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.26 from a trend 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 SGHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGHC is up. |
| ChartMill Relative Strength | 97.37 | POSITIVE | SGHC has a high relative strength, it outperformed 97.37% 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) | UP | POSITIVE | The current price of SGHC is above the rising 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) | 61.41 | NEUTRAL | The RSI value for SGHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SGHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.13 | NEUTRAL | The Stochastics value for SGHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SGHC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for SGHC suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 8.86 | 8.70 | 0.15 (1.75%) | 25.00% |
| An entry @8.86. This is a Buy Stop order right above the 10 day high. | An exit @8.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% 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.
8.75
+0.04 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.46%
1 Week4.92%
2 Weeks2.1%
1 Month7.76%
3 Month16.51%
6 Month31.58%
12 Month141.05%
2 Year200.69%
3 Year25%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%3.92%
ATR Inc-55.35%
Range Today0.16
ADR(20)0.32
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.37
Mansfield5.16
10 Day High8.85
10 Day Low8.12
20 Day High9.17
20 Day Low8.02
52 Week High9.17
52 Week Low2.91
CS1 End8.71
CR1 StartN/A
Volume & EV
DER(3)0.08%
DER(5)-1.72%
Volume919.70K
Volume Incr1.96%
Vol(5)1.05M
Vol(50)952.87K