SGN Technical Analysis - SIGNING DAY SPORTS INC

Technical Rating and Analysis

Overall SGN gets a technical rating of 4 out of 10. In the last year, SGN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, SGN is a bad performer in the overall market: 79% of all stocks are doing better.

SGN is one of the lesser performing stocks in the Software industry. 60% of 281 stocks in the same industry do better.

SGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month SGN has a been trading in the 1.47 - 2.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SIGNING DAY SPORTS INC / SGN Weekly stock chart

SIGNING DAY SPORTS INC / SGN Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, SGN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for SGN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.59

2.27

When analyzing the support we notice one important area.

Support @1.61 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.82 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.11 from a trend line in the daily time frame.
Resistance @2.25 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for SGN is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SGN is neutral.
ChartMill Relative Strength	21.88	NEGATIVE	SGN has a low relative strength, it was outperformed by 78.12% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SGN is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SGN is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of SGN is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.37	NEUTRAL	The RSI value for SGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests SGN has a negative trend.
Stochastics (14,3)	53.23	NEUTRAL	The Stochastics value for SGN is a neutral value.
Average True Range in percent/ATR (20)	8.38	HIGH VOLATILITY	The high ATR as a percentage value for SGN suggests high volalility.
Average Directional Index/ADX (14)	37.07	POSITIVE	The high ADX value value for SGN suggests a strong trend.