Sgoco Group Ltd (SGOC) Stock Technical Analysis
NASDAQ:SGOC - Nasdaq -
We assign a technical rating of 6 out of 10 to SGOC. In the last year, SGOC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
SGOC 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.
In the last month SGOC has a been trading in the 5.83 - 8.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SGOC is one of the better performing stocks in the market, outperforming 99% of all stocks.
SGOC is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 96% of 125 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SGOC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.16, a Stop Loss order could be placed below this zone.
More info and screens
5.50
6.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.11 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.95 from a trend line in the weekly time frame.
- Support @5.71 from a horizontal line in the weekly time frame.
- Support @5.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.24 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.52 from a trend line in the daily time frame.
- A resistance zone ranging from 6.82 to 6.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SGOC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGOC is neutral. |
| ChartMill Relative Strength | 99.28 | POSITIVE | SGOC has a high relative strength, it outperformed 99.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGOC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGOC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.27 | NEUTRAL | The RSI value for SGOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SGOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.37 | NEUTRAL | The Stochastics value for SGOC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.85 | HIGH VOLATILITY | The high ATR as a percentage value for SGOC suggests high volalility. |
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)
6.2
-0.02 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.32%
1 Week-1.12%
2 Weeks0.32%
1 Month6.16%
3 Month9.15%
6 Month262.57%
12 Month427.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%8.85%
ATR Inc-61.42%
Range Today0.17
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.28
Mansfield4.83
10 Day High7.74
10 Day Low5.86
20 Day High8
20 Day Low5.84
52 Week High29
52 Week Low0.96
CS1 End6.16
CR1 Start6.24
Volume & EV
DER(3)-0.63%
DER(5)-0.28%
Volume129.10K
Volume Incr-81.41%
Vol(5)180.58K
Vol(50)983.05K