SIGMA LABS INC (SGLB) Technical Analysis
NASDAQ:SGLB • US8265985007
Current stock price
SGLB Technical Rating and Analysis
Overall SGLB gets a technical rating of 0 out of 10. SGLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than SGLB.
- SGLB is one of the lesser performing stocks in the Aerospace & Defense industry. 82% of 80 stocks in the same industry do better.
- SGLB is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SGLB is lagging the market.
- In the last month SGLB has a been trading in the 0.96 - 1.91 range, which is quite wide. It is currently trading near the lows of this range.
SGLB Weekly and Daily overview Charts
SGLB Setup Rating and Analysis
The technical rating of SGLB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SGLB Support and Resistance Analysis
1.04
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.89 from a trend line in the daily time frame.
SGLB Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SGLB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGLB is down. |
| ChartMill Relative Strength | 6.48 | NEGATIVE | SGLB has a low relative strength, it was outperformed by 93.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.71 | OVERSOLD | The low RSI value suggests SGLB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SGLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.12 | OVERSOLD | The low Stochastics value suggests SGLB may be oversold. |
| Average True Range in percent/ATR (20) | 11.69 | HIGH VOLATILITY | The high ATR as a percentage value for SGLB suggests high volalility. |
SGLB Chart- and CandleStick Pattern Analysis
SGLB Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SGLB (5/18/2022, 8:00:02 PM)
1.05
+0.02 (+1.94%)
SIGMA LABS INC / SGLB TA FAQ
Can you provide the ChartMill technical rating for SIGMA LABS INC?
ChartMill assigns a technical rating of 0 / 10 to SGLB.
What is the trend direction for SGLB stock?
The current trend direction for SIGMA LABS INC (SGLB) is Bearish.
What is the RSI signal for SIGMA LABS INC (SGLB) stock?
SIGMA LABS INC (SGLB) has an RSI value of 27.7132. This indicates that the stock is currently oversold.
What is the MACD signal for SGLB stock?
The MACD indicator for SIGMA LABS INC (SGLB) has a value of -0.00577393, indicating a bearish trend.
What is the buy/sell signal for SIGMA LABS INC (SGLB) stock?
The buy/sell signal for SIGMA LABS INC (SGLB) is sell as both the short term and long term trends are negative.