SAGIMET BIOSCIENCES INC-A (SGMT) Technical Analysis
NASDAQ:SGMT • US7867001049
Current stock price
SGMT Technical Rating and Analysis
We assign a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the performance of all stocks over the past year, SGMT turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- SGMT is part of the Biotechnology industry. There are 517 other stocks in this industry, SGMT did better than 58% of them.
- SGMT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SGMT is lagging the market slightly.
- In the last month SGMT has a been trading in the 4.54 - 6.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGMT Weekly and Daily overview Charts
SGMT Setup Rating and Analysis
SGMT has a poor technical rating and the quality of the setup is also only medium 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
4.76
We found 1 important support area.
- Support @4.81 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @5.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.21 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.50 to 5.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.28 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SGMT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGMT is down. |
| ChartMill Relative Strength | 69.07 | NEUTRAL | SGMT is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SGMT is below a declining 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) | 42.75 | NEUTRAL | The RSI value for SGMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.83 | NEUTRAL | The Stochastics value for SGMT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for SGMT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.7 | 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
4.89
-0.22 (-4.31%)
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 1 / 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 42.7521. 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 -0.0193001, 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 negative.