NYSE:SGI - New York Stock Exchange, Inc. - US88023U1016 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SGI. SGI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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. 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 62.48. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SGI in the last couple of days, which is a good sign.
53.92
When analyzing the support we notice one important area.
When analyzing the resistance we notice one important area.
60.96
-1.04 (-1.68%)