SGN Technical Analysis - SIGNING DAY SPORTS INC

Technical Rating and Analysis

Overall SGN gets a technical rating of 0 out of 10. SGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

96% of all other stocks performed better in the past year than SGN.

SGN is one of the lesser performing stocks in the Software industry. 83% of 285 stocks in the same industry do better.

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.

In the last month SGN has a been trading in the 1.46 - 2.08 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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

The technical rating of SGN is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.49

2.10

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.66 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.72 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.87 from a trend line in the daily time frame.
Resistance @1.94 from a trend line in the weekly time frame.
Resistance @2.08 from a trend line in the weekly 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	DOWN	NEGATIVE	The long term trend for SGN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SGN is down.
ChartMill Relative Strength	4.45	NEGATIVE	SGN has a low relative strength, it was outperformed by 95.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SGN is below 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)	38.39	NEUTRAL	The RSI value for SGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SGN has a negative trend.
Stochastics (14,3)	8.27	OVERSOLD	The low Stochastics value suggests SGN may be oversold.
Average True Range in percent/ATR (20)	9.24	HIGH VOLATILITY	The high ATR as a percentage value for SGN suggests high volalility.
Average Directional Index/ADX (14)	17.75	NEGATIVE	The low ADX value for SGN suggests a weak or negative trend.