SAGIMET BIOSCIENCES INC-A (SGMT) Technical Analysis
NASDAQ:SGMT • US7867001049
Current stock price
SGMT Technical Rating and Analysis
Taking everything into account, SGMT scores 7 out of 10 in our technical rating. In the past year, SGMT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SGMT has a been trading in the 4.50 - 6.64 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, SGMT did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- SGMT is an average performer in the Biotechnology industry, it outperforms 67% of 516 stocks in the same industry.
- SGMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGMT is lagging the market.
SGMT Weekly and Daily overview Charts
SGMT Setup Rating and Analysis
Although SGMT has an excellent technical rating, it does not present a decent entry opportunity 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
SGMT Support and Resistance Analysis
5.04
We found 2 important support areas.
- A support zone ranging from 5.86 to 5.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.09 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.48 to 6.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.83 from a trend line in the daily time frame.
SGMT 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 | NEUTRAL | NEUTRAL | The long term trend for SGMT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGMT is up. |
| ChartMill Relative Strength | 88.01 | POSITIVE | SGMT has a high relative strength, it outperformed 88.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.78 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SGMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.37 | OVERBOUGHT | The high Stochastics value suggests SGMT may be overbought. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for SGMT suggests a weak or negative trend. |
SGMT Chart- and CandleStick Pattern Analysis
SGMT Technicals: Chart, Performance Metrics, Trend & Indicators
5.91
-0.53 (-8.23%)
SAGIMET BIOSCIENCES INC-A / SGMT TA FAQ
What is the ChartMill technical rating of SAGIMET BIOSCIENCES INC-A (SGMT) stock?
ChartMill assigns a technical rating of 7 / 10 to SGMT.
Can you provide the trend direction for SAGIMET BIOSCIENCES INC-A?
The current trend direction for SAGIMET BIOSCIENCES INC-A (SGMT) is Bearish.
What is the RSI signal for SGMT stock?
SAGIMET BIOSCIENCES INC-A (SGMT) has an RSI value of 55.7793. This indicates that the stock is currently neutral.
What are the support and resistance levels for SAGIMET BIOSCIENCES INC-A (SGMT) stock?
SAGIMET BIOSCIENCES INC-A (SGMT) has a support level at 5.9 and a resistance level at 6.48. Check the full technical report for our detailed analysis of SGMT support and resistance levels.