We assign a technical rating of 8 out of 10 to SGML. SGML has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although SGML has an excellent technical rating, it does not offer a high 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.
11.20
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 | NEUTRAL | NEUTRAL | The long term trend for SGML is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGML is up. |
| ChartMill Relative Strength | 87.38 | POSITIVE | SGML has a high relative strength, it outperformed 87.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGML is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGML is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.46 | OVERBOUGHT | The high RSI value suggests SGML may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests SGML has a positive trend. |
| Stochastics (14,3) | 83.51 | OVERBOUGHT | The high Stochastics value suggests SGML may be overbought. |
| Average True Range in percent/ATR (20) | 10.72 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 31.82 | POSITIVE | The high ADX value value for SGML suggests a strong trend. |
11.31
+0.7 (+6.6%)
ChartMill assigns a technical rating of 8 / 10 to SGML.
The current trend direction for SIGMA LITHIUM CORP (SGML) is Bearish.
SIGMA LITHIUM CORP (SGML) has an RSI value of 73.4618. This indicates that the stock is currently overbought.