SINGULARITY FUTURE TECHNOLOG (SGLY) Technical Analysis
NASDAQ:SGLY • US82935V3078
Current stock price
SGLY Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to SGLY. Recently some decent action could be observed, but in the medium term time frame this is still negative. SGLY was also a bad performer in the overall market in the last year.
- 91% of all other stocks performed better in the past year than SGLY.
- SGLY is one of the lesser performing stocks in the Transportation Infrastructure industry. 100% of 6 stocks in the same industry do better.
- SGLY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SGLY has a been trading in the 0.37 - 0.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGLY Weekly and Daily overview Charts
SGLY Setup Rating and Analysis
Although the technical rating is only medium, SGLY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.42, a Stop Loss order could be placed below this zone.
More info and screens
SGLY Support and Resistance Analysis
0.36
3 important support areas can be observed.
- A support zone ranging from 0.42 to 0.42. 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 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.50 from a horizontal line in the daily time frame.
- Resistance @0.73 from a trend line in the weekly time frame.
- Resistance @0.75 from a trend line in the daily time frame.
SGLY 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 SGLY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGLY is up. |
| ChartMill Relative Strength | 9.5 | NEGATIVE | SGLY has a low relative strength, it was outperformed by 90.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.32 | NEUTRAL | The RSI value for SGLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.02 | OVERBOUGHT | The high Stochastics value suggests SGLY may be overbought. |
| Average True Range in percent/ATR (20) | 9.52 | HIGH VOLATILITY | The high ATR as a percentage value for SGLY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for SGLY suggests a possible start of a new trend. |
SGLY Chart- and CandleStick Pattern Analysis
SGLY Technicals: Chart, Performance Metrics, Trend & Indicators
0.4695
-0.01 (-1.82%)
SINGULARITY FUTURE TECHNOLOG / SGLY TA FAQ
Can you provide the ChartMill technical rating for SINGULARITY FUTURE TECHNOLOG?
ChartMill assigns a technical rating of 4 / 10 to SGLY.
What is the current trend direction of SINGULARITY FUTURE TECHNOLOG (SGLY) stock?
The current trend direction for SINGULARITY FUTURE TECHNOLOG (SGLY) is Bearish.
What is the RSI signal for SGLY stock?
SINGULARITY FUTURE TECHNOLOG (SGLY) has an RSI value of 58.3202. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SINGULARITY FUTURE TECHNOLOG?
The buy/sell signal for SINGULARITY FUTURE TECHNOLOG (SGLY) is hold as the short term and long term trends are mixed.
What is the support and resistance level for SGLY stock?
SINGULARITY FUTURE TECHNOLOG (SGLY) has a support level at 0.42 and a resistance level at 0.5. Check the full technical report for our detailed analysis of SGLY support and resistance levels.