SIGMA LITHIUM CORP (SGML) Technical Analysis
NASDAQ:SGML • CA8265991023
Current stock price
SGML Technical Rating and Analysis
Taking everything into account, SGML scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGML is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SGML is one of the better performing stocks in the market, outperforming 95% of all stocks.
- SGML is one of the better performing stocks in the Metals & Mining industry, it outperforms 83% of 160 stocks in the same industry.
- A new 52 week high is currently being made by SGML, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SGML has a been trading in the 8.93 - 18.37 range, which is quite wide. It is currently trading near the high of this range.
- SGML has an average volume of 3913560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SGML Weekly and Daily overview Charts
SGML Setup Rating and Analysis
Although SGML has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SGML Support and Resistance Analysis
8.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.80 to 9.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.94 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SGML is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGML is up. |
| ChartMill Relative Strength | 95.28 | POSITIVE | SGML has a high relative strength, it outperformed 95.28% 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) | 70.24 | OVERBOUGHT | The high RSI value suggests SGML may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests SGML has a positive trend. |
| Stochastics (14,3) | 94.02 | OVERBOUGHT | The high Stochastics value suggests SGML may be overbought. |
| Average True Range in percent/ATR (20) | 8.68 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 26.15 | POSITIVE | The high ADX value value for SGML suggests a strong trend. |
SGML Chart- and CandleStick Pattern Analysis
SGML Technicals: Chart, Performance Metrics, Trend & Indicators
17.57
+0.18 (+1.04%)
SIGMA LITHIUM CORP / SGML TA FAQ
Can you provide the ChartMill technical rating for SIGMA LITHIUM CORP?
ChartMill assigns a technical rating of 10 / 10 to SGML.
What is the trend direction for SGML stock?
The current trend direction for SIGMA LITHIUM CORP (SGML) is Bullish.
What is the RSI signal for SGML stock?
SIGMA LITHIUM CORP (SGML) has an RSI value of 70.24. This indicates that the stock is currently overbought.
What is the short term momentum for SGML stock?
The short term momentum for SIGMA LITHIUM CORP (SGML) is positive.
Can you provide the support and resistance levels for SIGMA LITHIUM CORP?
SIGMA LITHIUM CORP (SGML) has a support level at 9.83. Check the full technical report for our detailed analysis of SGML support and resistance levels.