SANGAMO THERAPEUTICS INC (SGMO) Stock Technical Analysis
NASDAQ:SGMO - Nasdaq - US8006771062 - Common Stock - Currency: USD
Overall SGMO gets a technical rating of 2 out of 10. SGMO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
SGMO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
SGMO is part of the Biotechnology industry. There are 555 other stocks in this industry. SGMO outperforms 78% of them.
SGMO has an average volume of 5116810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SGMO is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month SGMO has a been trading in the 0.41 - 0.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGMO has a poor technical rating and the quality of the setup is also not perfect 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
0.36
0.60
When analyzing the support we can see 3 important areas.
- Support @0.46 from a horizontal line in the weekly time frame.
- Support @0.44 from a horizontal line in the daily time frame.
- Support @0.36 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.59 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 | DOWN | NEGATIVE | The long term trend for SGMO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGMO is neutral. |
| ChartMill Relative Strength | 79.45 | POSITIVE | SGMO has a high relative strength, it outperformed 79.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGMO is above 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) | 51.53 | NEUTRAL | The RSI value for SGMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.7 | NEUTRAL | The Stochastics value for SGMO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.91 | HIGH VOLATILITY | The high ATR as a percentage value for SGMO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for SGMO suggests a weak or negative 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)
0.5362
-0.01 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.94%
1 Week4.36%
2 Weeks7.24%
1 Month13.39%
3 Month-18.32%
6 Month-58.75%
12 Month66.26%
2 Year-59.22%
3 Year-87.5%
5 Year-95.05%
10 Year-94.14%
15 Year-85.78%
Volatility
ATR(14)0.05
ATR(20)%8.91%
ATR Inc-34.99%
Range Today0.04
ADR(20)0.05
ADR(20)%8.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.45
Mansfield-5.32
10 Day High0.61
10 Day Low0.41
20 Day High0.61
20 Day Low0.41
52 Week High3.18
52 Week Low0.31
CS1 End0.44
CR1 Start0.59
Volume & EV
DER(3)-6.72%
DER(5)-4.33%
Volume3.47M
Volume Incr3.03%
Vol(5)5.60M
Vol(50)5.12M