SOMNIGROUP INTERNATIONAL INC (SGI) Stock Technical Analysis
USA - NYSE:SGI - US88023U1016 - Common Stock
Overall SGI gets a technical rating of 7 out of 10. Although SGI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SGI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 87.15. Right above this resistance zone may be a good entry point.
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71.47
When analyzing the support we can see 3 important areas.
- Support @81.36 from a trend line in the daily time frame.
- Support @76.95 from a trend line in the daily time frame.
- A support zone ranging from 72.19 to 72.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.15 to 87.15. 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 | MIXED | The current price of SGI is below 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) | 54.18 | NEUTRAL | The RSI value for SGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests SGI has a negative trend. |
| Stochastics (14,3) | 43.65 | NEUTRAL | The Stochastics value for SGI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for SGI suggests low volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for SGI suggests a strong 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 |
|---|---|---|---|
| 85.12 | 83.83 | 1.29 (1.51%) | 25.00% |
| An entry @85.12. This is a Buy Stop order right above the 10 day moving average. | An exit @83.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.29 points, which is 1.51%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SGI. Please evaluate whether better entry and exit points can be found.
- 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.
84.24
-1.31 (-1.53%)