SAGIMET BIOSCIENCES INC-A (SGMT) Stock Technical Analysis
USA - NASDAQ:SGMT - US7867001049 - Common Stock
Taking everything into account, SGMT scores 6 out of 10 in our technical rating. SGMT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, SGMT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
7.25
We found 2 important support areas.
- Support @7.53 from a trend line in the daily time frame.
- A support zone ranging from 7.32 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.78 to 7.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.00 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 | 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 | 71.62 | POSITIVE | SGMT has a high relative strength, it outperformed 71.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGMT is below 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) | UP | POSITIVE | The current price of SGMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.65 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SGMT has a negative trend. |
| Stochastics (14,3) | 28.72 | NEUTRAL | The Stochastics value for SGMT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 33.78 | POSITIVE | The high ADX value value for SGMT suggests a strong trend. |
7.77
+0.16 (+2.1%)
SAGIMET BIOSCIENCES INC-A / SGMT FAQ
What is the ChartMill technical rating of SAGIMET BIOSCIENCES INC-A (SGMT) stock?
ChartMill assigns a technical rating of 6 / 10 to SGMT.
What is the trend direction for SGMT stock?
The current trend direction for SAGIMET BIOSCIENCES INC-A (SGMT) is Bullish.
Can you provide the RSI signal for SAGIMET BIOSCIENCES INC-A?
SAGIMET BIOSCIENCES INC-A (SGMT) has an RSI value of 49.6491. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SAGIMET BIOSCIENCES INC-A?
The MACD indicator for SAGIMET BIOSCIENCES INC-A (SGMT) has a value of -0.044313, indicating a bearish trend.
Can you provide the support and resistance levels for SAGIMET BIOSCIENCES INC-A?
SAGIMET BIOSCIENCES INC-A (SGMT) has a support level at 7.53 and a resistance level at 7.78. Check the full technical report for our detailed analysis of SGMT support and resistance levels.