SIGMA LITHIUM CORP (SGML) Stock Technical Analysis
NASDAQ:SGML - CA8265991023 - Common Stock
6.43 USD
+0.39 (+6.46%)
6.38 USD
-0.05 (-0.78%)
Taking everything into account, SGML scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SGML was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SGML is a bad performer in the overall market: 78% of all stocks are doing better.
SGML is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 81% 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.
SGML has an average volume of 2884410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SGML has a been trading in the 5.21 - 7.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGML has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.65. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.45
8.47
3 important support areas can be observed.
- A support zone ranging from 6.19 to 6.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.02 from a horizontal line in the daily time frame.
- Support @5.50 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.65 to 6.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.85 from a trend line in the daily time frame.
- A resistance zone ranging from 7.13 to 7.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.52 from a trend line in the weekly time frame.
- Resistance @8.39 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 | DOWN | NEGATIVE | The long term trend for SGML is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGML is neutral. |
| ChartMill Relative Strength | 22.21 | NEGATIVE | SGML has a low relative strength, it was outperformed by 77.79% 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) | DOWN | NEGATIVE | The current price of SGML is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.64 | NEUTRAL | The RSI value for SGML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SGML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.97 | NEUTRAL | The Stochastics value for SGML is a neutral value. |
| Average True Range in percent/ATR (20) | 9.41 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 23.79 | 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)
6.43
+0.39 (+6.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg6.46%
1 Week-0.92%
2 Weeks8.07%
1 Month23.65%
3 Month23.18%
6 Month-45.23%
12 Month-30.41%
2 Year-80.18%
3 Year-76.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%9.41%
ATR Inc-30.4%
Range Today0.36
ADR(20)0.53
ADR(20)%8.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.21
Mansfield-3.88
10 Day High6.94
10 Day Low5.8
20 Day High7.39
20 Day Low5.21
52 Week High15.56
52 Week Low4.25
CS1 End6.27
CR1 Start6.65
Volume & EV
DER(3)1.13%
DER(5)-1.41%
Volume3.17M
Volume Incr-35.46%
Vol(5)2.20M
Vol(50)2.88M