SAGIMET BIOSCIENCES INC-A (SGMT) Stock Technical Analysis
NASDAQ:SGMT - Nasdaq - US7867001049 - Common Stock - Currency: USD
Taking everything into account, SGMT scores 8 out of 10 in our technical rating. In the last year, SGMT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SGMT has a been trading in the 7.98 - 11.41 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SGMT did better than 98% of all other stocks.
SGMT is one of the better performing stocks in the Biotechnology industry, it outperforms 97% of 551 stocks in the same industry.
SGMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SGMT is lagging the market slightly.
SGMT has an average volume of 1880640 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.
SGMT has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
8.16
9.37
When analyzing the support we can see 3 important areas.
- Support @8.73 from a trend line in the daily time frame.
- Support @8.39 from a trend line in the daily time frame.
- A support zone ranging from 8.24 to 8.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.18 to 9.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for SGMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGMT is neutral. |
| ChartMill Relative Strength | 98.61 | POSITIVE | SGMT has a high relative strength, it outperformed 98.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGMT is below a declining 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) | UP | POSITIVE | The current price of SGMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.08 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SGMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.25 | NEUTRAL | The Stochastics value for SGMT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.35 | POSITIVE | The high ADX value value for SGMT suggests a strong 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)
8.73
-0.32 (-3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.54%
1 Week5.82%
2 Weeks-14.75%
1 Month-7.81%
3 Month167.79%
6 Month91.03%
12 Month217.46%
2 Year-27.73%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%9.29%
ATR Inc-26.56%
Range Today0.59
ADR(20)0.8
ADR(20)%9.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.61
Mansfield6.7
10 Day High10.46
10 Day Low7.98
20 Day High11.41
20 Day Low7.98
52 Week High11.41
52 Week Low1.73
CS1 End8.73
CR1 Start9.18
Volume & EV
DER(3)-0.66%
DER(5)0.49%
Volume331.70K
Volume Incr-34.87%
Vol(5)537.56K
Vol(50)1.88M