SOMNIGROUP INTERNATIONAL INC (SGI) Stock Technical Analysis
NYSE:SGI - New York Stock Exchange, Inc. - US88023U1016 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SGI. In the last year, SGI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 66.82. Right above this resistance zone may be a good entry point.
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59.39
2 important support areas can be observed.
- A support zone ranging from 63.95 to 64.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.99 to 61.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 66.82 to 66.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SGI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SGI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.21 | NEUTRAL | The RSI value for SGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SGI has a negative trend. |
| Stochastics (14,3) | 79.45 | NEUTRAL | The Stochastics value for SGI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SGI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.6 | NEGATIVE | The low ADX value for SGI 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 |
|---|---|---|---|
| 66.83 | 63.94 | 2.89 (4.32%) | 23.12% |
| An entry @66.83. This is a Buy Stop order right above the resistance zone. | An exit @63.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.89 points, which is 4.32%. | When investing 23.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
65.06
-0.26 (-0.4%)