We assign a technical rating of 2 out of 10 to SGMT. SGMT 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that SGMT is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SGMT is an average performer in the Biotechnology industry, it outperforms 63% of 528 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.
- In the last month SGMT has a been trading in the 5.43 - 6.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SGMT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.99, a Stop Loss order could be placed below this zone.
More info and screens
5.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.94 to 5.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.59 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.38 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.12 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.66 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 | DOWN | NEGATIVE | The long term trend for SGMT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGMT is neutral. |
| ChartMill Relative Strength | 73.46 | POSITIVE | SGMT has a high relative strength, it outperformed 73.46% 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 | MIXED | The current price of SGMT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.79 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SGMT has a positive trend. |
| Stochastics (14,3) | 70.83 | NEUTRAL | The Stochastics value for SGMT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for SGMT suggests a possible start of a new trend. |
6.26
-0.11 (-1.73%)
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 2 / 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.
Can you provide the RSI signal for SAGIMET BIOSCIENCES INC-A?
SAGIMET BIOSCIENCES INC-A (SGMT) has an RSI value of 51.7947. 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 0.110323, indicating a bearish trend.
Can you provide the short term momentum for SAGIMET BIOSCIENCES INC-A?
The short term momentum for SAGIMET BIOSCIENCES INC-A (SGMT) is neutral.