SANGAMO THERAPEUTICS INC (SGMO) Technical Analysis
NASDAQ:SGMO • US8006771062
Taking everything into account, SGMO scores 1 out of 10 in our technical rating. SGMO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SGMO is a bad performer in the overall market: 94% of all stocks are doing better.
- SGMO is one of the lesser performing stocks in the Biotechnology industry. 77% of 520 stocks in the same industry do better.
- SGMO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SGMO is lagging the market.
- In the last month SGMO has a been trading in the 0.35 - 0.55 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.
- SGMO has an average volume of 6051380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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.
More info and screens
0.37
We found 1 important support area.
- Support @0.38 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.49 from a trend line in the weekly time frame.
- Resistance @0.52 from a trend 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 | DOWN | NEGATIVE | The long term trend for SGMO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGMO is down. |
| ChartMill Relative Strength | 6.83 | NEGATIVE | SGMO has a low relative strength, it was outperformed by 93.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGMO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGMO is below a declining 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) | 43.86 | NEUTRAL | The RSI value for SGMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SGMO has a negative trend. |
| Stochastics (14,3) | 14.46 | OVERSOLD | The low Stochastics value suggests SGMO may be oversold. |
| Average True Range in percent/ATR (20) | 9.57 | HIGH VOLATILITY | The high ATR as a percentage value for SGMO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for SGMO suggests a weak or negative trend. |
SGMO Technicals: Chart, Performance Metrics, Trend & Indicators
0.3775
+0 (+0.16%)
SANGAMO THERAPEUTICS INC / SGMO FAQ
What is the ChartMill technical rating of SANGAMO THERAPEUTICS INC (SGMO) stock?
ChartMill assigns a technical rating of 1 / 10 to SGMO.
What is the trend direction for SGMO stock?
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 43.8614. This indicates that the stock is currently neutral.
What is the buy/sell signal for SANGAMO THERAPEUTICS INC (SGMO) stock?
The buy/sell signal for SANGAMO THERAPEUTICS INC (SGMO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SGMO stock?
SANGAMO THERAPEUTICS INC (SGMO) has a support level at 0.38 and a resistance level at 0.42. Check the full technical report for our detailed analysis of SGMO support and resistance levels.