SIGHT SCIENCES INC (SGHT) Stock Technical Analysis
NASDAQ:SGHT - Nasdaq - US82657M1053 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SGHT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SGHT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SGHT is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. SGHT outperforms 74% of them.
SGHT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, SGHT turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
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.
Although SGHT has an excellent technical rating, it does not present a decent entry opportunity 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
2.39
6.90
3 important support areas can be observed.
- A support zone ranging from 4.16 to 4.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.62 from a trend line in the daily time frame.
- Support @2.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.21 to 4.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.83 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 SGHT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGHT is up. |
| ChartMill Relative Strength | 67.99 | NEUTRAL | SGHT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGHT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGHT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SGHT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.53 | NEUTRAL | The RSI value for SGHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SGHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.96 | OVERBOUGHT | The high Stochastics value suggests SGHT may be overbought. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for SGHT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.25 | POSITIVE | The high ADX value value for SGHT suggests a strong 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)
4.19
+0.02 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.48%
1 Week-1.18%
2 Weeks16.07%
1 Month22.51%
3 Month54.04%
6 Month17.04%
12 Month-36.13%
2 Year-49.4%
3 Year-53.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%5.81%
ATR Inc-24.28%
Range Today0.12
ADR(20)0.24
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.99
Mansfield-1.08
10 Day High4.3
10 Day Low3.36
20 Day High4.3
20 Day Low3.15
52 Week High8.45
52 Week Low2.03
CS1 End4.18
CR1 Start4.21
Volume & EV
DER(3)-4.96%
DER(5)-4.73%
Volume101.80K
Volume Incr-19.39%
Vol(5)154.14K
Vol(50)188.34K