SOMNIGROUP INTERNATIONAL INC (SGI) Stock Technical Analysis
NYSE:SGI • US88023U1016
Overall SGI gets a technical rating of 3 out of 10. SGI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month SGI has a been trading in the 85.62 - 98.56 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, SGI did better than 76% of all other stocks.
- SGI is part of the Household Durables industry. There are 60 other stocks in this industry. SGI outperforms 76% of them.
- SGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SGI is lagging the market slightly.
- SGI has an average volume of 1690520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SGI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 87.94, a Stop Loss order could be placed below this zone.
More info and screens
78.55
2 important support areas can be observed.
- A support zone ranging from 87.05 to 87.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @79.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 91.02 to 92.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @97.99 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 SGI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGI is down. |
| ChartMill Relative Strength | 76.1 | POSITIVE | SGI has a high relative strength, it outperformed 76.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.26 | NEUTRAL | The RSI value for SGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests SGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.79 | NEUTRAL | The Stochastics value for SGI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SGI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for SGI suggests a weak or negative trend. |
88.62
+1.57 (+1.8%)
SOMNIGROUP INTERNATIONAL INC / SGI FAQ
Can you provide the ChartMill technical rating for SOMNIGROUP INTERNATIONAL INC?
ChartMill assigns a technical rating of 3 / 10 to SGI.
Can you provide the trend direction for SOMNIGROUP INTERNATIONAL INC?
The current trend direction for SOMNIGROUP INTERNATIONAL INC (SGI) is Bullish.
Can you provide the RSI signal for SOMNIGROUP INTERNATIONAL INC?
SOMNIGROUP INTERNATIONAL INC (SGI) has an RSI value of 44.2614. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOMNIGROUP INTERNATIONAL INC?
The MACD indicator for SOMNIGROUP INTERNATIONAL INC (SGI) has a value of -0.79773, indicating a bearish trend.
What is the short term momentum for SGI stock?
The short term momentum for SOMNIGROUP INTERNATIONAL INC (SGI) is negative.