SANGAMO THERAPEUTICS INC (SGMO) Stock Technical Analysis
USA - NASDAQ:SGMO - US8006771062 - Common Stock
We assign a technical rating of 3 out of 10 to SGMO. SGMO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of SGMO is bad and it also does not present a 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.
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0.44
When analyzing the support we can see 5 important areas.
- Support @0.57 from a horizontal line in the daily time frame.
- Support @0.49 from a trend line in the weekly time frame.
- Support @0.46 from a horizontal line in the weekly time frame.
- Support @0.45 from a trend line in the daily time frame.
- Support @0.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.69 from a trend line in the daily time frame.
- Resistance @0.73 from a trend line in the daily time frame.
- Resistance @0.75 from a horizontal line in the daily 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 SGMO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGMO is down. |
| ChartMill Relative Strength | 7.33 | NEGATIVE | SGMO has a low relative strength, it was outperformed by 92.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SGMO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.35 | NEUTRAL | The RSI value for SGMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SGMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.95 | OVERSOLD | The low Stochastics value suggests SGMO may be oversold. |
| Average True Range in percent/ATR (20) | 8.67 | HIGH VOLATILITY | The high ATR as a percentage value for SGMO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for SGMO suggests a weak or negative trend. |
0.598
+0.03 (+4.55%)
SANGAMO THERAPEUTICS INC / SGMO FAQ
What is the ChartMill technical rating of SANGAMO THERAPEUTICS INC (SGMO) stock?
ChartMill assigns a technical rating of 3 / 10 to SGMO.
Can you provide the trend direction for SANGAMO THERAPEUTICS INC?
The current trend direction for SANGAMO THERAPEUTICS INC (SGMO) is Bearish.
Can you provide the RSI signal for SANGAMO THERAPEUTICS INC?
SANGAMO THERAPEUTICS INC (SGMO) has an RSI value of 44.3482. This indicates that the stock is currently neutral.
What is the MACD signal for SGMO stock?
The MACD indicator for SANGAMO THERAPEUTICS INC (SGMO) has a value of -0.0140733, indicating a bearish trend.