SIGHT SCIENCES INC (SGHT) Technical Analysis
NASDAQ:SGHT • US82657M1053
Taking everything into account, SGHT scores 3 out of 10 in our technical rating. Although SGHT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month SGHT has a been trading in the 5.04 - 6.57 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, SGHT did better than 91% of all other stocks.
- SGHT is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry. SGHT outperforms 93% of them.
- SGHT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGHT is lagging the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, SGHT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.22, a Stop Loss order could be placed below this zone.
More info and screens
3.17
3 important support areas can be observed.
- A support zone ranging from 5.15 to 5.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.90 from a trend line in the weekly time frame.
- Support @3.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @5.63 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 | DOWN | NEGATIVE | The long term trend for SGHT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGHT is down. |
| ChartMill Relative Strength | 91.12 | POSITIVE | SGHT has a high relative strength, it outperformed 91.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGHT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGHT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGHT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.99 | NEUTRAL | The RSI value for SGHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SGHT has a positive trend. |
| Stochastics (14,3) | 48.06 | NEUTRAL | The Stochastics value for SGHT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for SGHT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for SGHT suggests a strong trend. |
SGHT Technicals: Chart, Performance Metrics, Trend & Indicators
5.41
+0.15 (+2.85%)
SIGHT SCIENCES INC / SGHT FAQ
What is the technical rating for SGHT stock?
ChartMill assigns a technical rating of 3 / 10 to SGHT.
Can you provide the trend direction for SIGHT SCIENCES INC?
The current trend direction for SIGHT SCIENCES INC (SGHT) is Bearish.
Can you provide the RSI signal for SIGHT SCIENCES INC?
SIGHT SCIENCES INC (SGHT) has an RSI value of 42.986. This indicates that the stock is currently neutral.
What is the short term momentum for SIGHT SCIENCES INC (SGHT) stock?
The short term momentum for SIGHT SCIENCES INC (SGHT) is negative.
Can you provide the buy/sell signal for SIGHT SCIENCES INC?
The buy/sell signal for SIGHT SCIENCES INC (SGHT) is sell as both the short term and long term trends are negative.