SIGMA LITHIUM CORP (SGML) Stock Technical Analysis
USA - NASDAQ:SGML - CA8265991023 - Common Stock
7.03 USD
-0.17 (-2.36%)
7.01 USD
-0.02 (-0.28%)
Taking everything into account, SGML scores 6 out of 10 in our technical rating. SGML has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
SGML is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 71% are performing better than SGML.
SGML 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 neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SGML has a been trading in the 5.35 - 7.37 range, which is quite wide. It is currently trading near the high of this range.
SGML has an average volume of 2883450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SGML outperforms 49% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SGML has an average technical rating and it also 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.
More info and screens
5.56
8.08
When analyzing the support we notice one important area.
- Support @5.62 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.03 to 7.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.00 from a trend line in the weekly time frame.
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 | 49.93 | NEUTRAL | SGML is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SGML is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.94 | NEUTRAL | The RSI value for SGML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SGML has a positive trend. |
| Stochastics (14,3) | 85.46 | OVERBOUGHT | The high Stochastics value suggests SGML may be overbought. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for SGML suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.03
-0.17 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.36%
1 Week16.01%
2 Weeks29.94%
1 Month8.32%
3 Month52.16%
6 Month-38.87%
12 Month-44.38%
2 Year-78.33%
3 Year-74.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%5.97%
ATR Inc87.14%
Range Today0.5
ADR(20)0.36
ADR(20)%5.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.93
Mansfield-3.19
10 Day High7.37
10 Day Low5.6
20 Day High7.37
20 Day Low5.35
52 Week High15.56
52 Week Low4.25
CS1 End5.62
CR1 Start7.03
Volume & EV
DER(3)0.83%
DER(5)1.83%
Volume3.09M
Volume Incr51.6%
Vol(5)3.31M
Vol(50)2.88M