SOMNIGROUP INTERNATIONAL INC (SGI) Stock Technical Analysis
NYSE:SGI • US88023U1016
Taking everything into account, SGI scores 6 out of 10 in our technical rating. Although SGI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SGI is a bad performer in the overall market: 100% of all stocks are doing better.
- SGI is one of the lesser performing stocks in the Household Durables industry. 98% of 60 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- SGI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- SGI has an average volume of 1558130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SGI has a been trading in the 87.09 - 98.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SGI 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 93.55, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
86.97
2 important support areas can be observed.
- A support zone ranging from 89.37 to 93.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.85 to 87.85. 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 | NEUTRAL | NEUTRAL | The short term trend for SGI is neutral. |
| 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). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.14 | NEUTRAL | The RSI value for SGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests SGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.07 | NEUTRAL | The Stochastics value for SGI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SGI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.59 | 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 |
|---|---|---|---|
| 98.57 | 87.08 | 11.49 (11.65%) | 8.58% |
| An entry @98.57. This is a Buy Stop order right above the 10 day high. | An exit @87.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.49 points, which is 11.65%. | For a 1.00% total portfolio risk, you can invest 8.58% of your capital in this trade. |
- 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.
96.04
+3.59 (+3.88%)
SOMNIGROUP INTERNATIONAL INC / SGI FAQ
Can you provide the ChartMill technical rating for SOMNIGROUP INTERNATIONAL INC?
ChartMill assigns a technical rating of 6 / 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 56.1416. 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 0.225775, indicating a bearish trend.
What is the short term momentum for SGI stock?
The short term momentum for SOMNIGROUP INTERNATIONAL INC (SGI) is neutral.