SIGNING DAY SPORTS INC (SGN) Stock Technical Analysis
NYSEARCA:SGN - NYSE Arca - US82670R3057 - Common Stock - Currency: USD
Overall SGN gets a technical rating of 5 out of 10. Although SGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
SGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
SGN is part of the Software industry. There are 283 other stocks in this industry. SGN outperforms 83% of them.
SGN has an average volume of 3358470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SGN is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SGN has a been trading in the 1.24 - 2.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGN has an average technical rating and the quality of the presented setup is also not ideal 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
1.36
2.37
We found 1 important support area.
- A support zone ranging from 1.37 to 1.39. 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 4 important areas.
- Resistance @1.79 from a horizontal line in the daily time frame.
- Resistance @2.04 from a trend line in the daily time frame.
- Resistance @2.08 from a trend line in the weekly time frame.
- Resistance @2.35 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 SGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGN is neutral. |
| ChartMill Relative Strength | 89.04 | POSITIVE | SGN has a high relative strength, it outperformed 89.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.05 | NEUTRAL | The RSI value for SGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGN has a positive trend. |
| Stochastics (14,3) | 65.49 | NEUTRAL | The Stochastics value for SGN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.61 | HIGH VOLATILITY | The high ATR as a percentage value for SGN suggests high volalility. |
| Average Directional Index/ADX (14) | 38.85 | POSITIVE | The high ADX value value for SGN suggests a strong 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)
1.64
-0.14 (-7.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.87%
1 Week23.31%
2 Weeks21.48%
1 Month-22.27%
3 Month156.29%
6 Month-28.38%
12 Month-84.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%12.61%
ATR Inc113.12%
Range Today0.26
ADR(20)0.2
ADR(20)%12.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.04
Mansfield-6.21
10 Day High1.85
10 Day Low1.24
20 Day High2.19
20 Day Low1.24
52 Week High36.7
52 Week Low0.44
CS1 End1.39
CR1 Start1.79
Volume & EV
DER(3)-2.85%
DER(5)0.44%
Volume364.70K
Volume Incr-5.83%
Vol(5)737.85K
Vol(50)3.36M