SAGIMET BIOSCIENCES INC-A (SGMT) Stock Technical Analysis
USA - NASDAQ:SGMT - US7867001049 - Common Stock
7.29 USD
+0.13 (+1.82%)
7.15 USD
-0.14 (-1.92%)
We assign a technical rating of 6 out of 10 to SGMT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SGMT is part of the Biotechnology industry. There are 536 other stocks in this industry. SGMT outperforms 72% of them.
In the last month SGMT has a been trading in the 6.05 - 7.55 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SGMT did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Considerably lower volume is observed in the last couple of days.
SGMT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SGMT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.44
7.42
4 important support areas can be observed.
- A support zone ranging from 7.24 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.85 to 6.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.62 from a trend line in the daily time frame.
- Support @6.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.35 to 7.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 86.89 | POSITIVE | SGMT has a high relative strength, it outperformed 86.89% 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) | DOWN | NEGATIVE | The current price of SGMT is below a declining 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) | 52.58 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SGMT has a positive trend. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for SGMT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.43 | NEGATIVE | The low ADX value for SGMT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.36 | 7.23 | 0.13 (1.77%) | 25.00% |
| An entry @7.36. This is a Buy Stop order right above the resistance zone. | An exit @7.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 1.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The distance between exit and entry is rather small compared to the average daily movement of SGMT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.29
+0.13 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.82%
1 Week-0.68%
2 Weeks11.81%
1 Month2.53%
3 Month-11.64%
6 Month250.48%
12 Month78.24%
2 Year99.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%5.8%
ATR Inc-26.08%
Range Today0.4
ADR(20)0.41
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.89
Mansfield2.06
10 Day High7.55
10 Day Low6.36
20 Day High7.55
20 Day Low6.05
52 Week High11.41
52 Week Low1.73
CS1 End7.27
CR1 Start7.35
Volume & EV
DER(3)5.05%
DER(5)2.66%
Volume318.20K
Volume Incr-31.8%
Vol(5)326.74K
Vol(50)576.35K