SIGMA LITHIUM CORP (SGML) Technical Analysis
NASDAQ:SGML • CA8265991023
Current stock price
SGML Technical Rating and Analysis
Taking everything into account, SGML scores 0 out of 10 in our technical rating. SGML'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.
- 84% of all other stocks performed better in the past year than SGML.
- SGML is part of the Metals & Mining industry. There are 159 other stocks in this industry, of which 78% are performing better than SGML.
- In the last month SGML has a been trading in the 8.93 - 16.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SGML has an average volume of 4044150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SGML is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SGML is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
SGML Weekly and Daily overview Charts
SGML Setup Rating and Analysis
SGML has a poor technical rating and the quality of the setup is also only medium 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
SGML Support and Resistance Analysis
6.00
We found 2 important support areas.
- A support zone ranging from 9.04 to 9.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @14.35 from a trend line in the weekly time frame.
- Resistance @16.23 from a horizontal line in the daily time frame.
- Resistance @16.59 from a horizontal line in the daily time frame.
SGML 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 | NEUTRAL | NEUTRAL | The long term trend for SGML is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGML is down. |
| ChartMill Relative Strength | 16.24 | NEGATIVE | SGML has a low relative strength, it was outperformed by 83.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGML is below a declining 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) | 41.5 | NEUTRAL | The RSI value for SGML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests SGML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.91 | OVERSOLD | The low Stochastics value suggests SGML may be oversold. |
| Average True Range in percent/ATR (20) | 12.95 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for SGML suggests a weak or negative trend. |
SGML Chart- and CandleStick Pattern Analysis
SGML Technicals: Chart, Performance Metrics, Trend & Indicators
10.68
+0.33 (+3.19%)
SIGMA LITHIUM CORP / SGML TA FAQ
Can you provide the ChartMill technical rating for SIGMA LITHIUM CORP?
ChartMill assigns a technical rating of 0 / 10 to SGML.
What is the trend direction for SGML stock?
The current trend direction for SIGMA LITHIUM CORP (SGML) is Bearish.
What is the RSI signal for SIGMA LITHIUM CORP (SGML) stock?
SIGMA LITHIUM CORP (SGML) has an RSI value of 41.5046. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SIGMA LITHIUM CORP?
The MACD indicator for SIGMA LITHIUM CORP (SGML) has a value of -0.329563, indicating a bearish trend.