SPYGLASS PHARMA INC (SGP) Technical Analysis
NASDAQ:SGP • US85220G1094
Current stock price
SGP Technical Rating and Analysis
Taking everything into account, SGP scores 2 out of 10 in our technical rating. SGP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than SGP.
- SGP is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 90% are performing better than SGP.
- In the last month SGP has a been trading in the 21.29 - 29.11 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SGP Weekly and Daily overview Charts
SGP Setup Rating and Analysis
The technical rating of SGP 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.
More info and screens
SGP Support and Resistance Analysis
22.24
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.55 to 25.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
SGP 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 | UP | POSITIVE | The long term trend for SGP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGP is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SGP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGP is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 37.31 | NEUTRAL | The RSI value for SGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests SGP has a negative trend. |
| Stochastics (14,3) | 43.13 | NEUTRAL | The Stochastics value for SGP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.25 | HIGH VOLATILITY | The high ATR as a percentage value for SGP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.25 | NEUTRAL | The ADX value for SGP suggests a possible start of a new trend. |
SGP Chart- and CandleStick Pattern Analysis
SGP Technicals: Chart, Performance Metrics, Trend & Indicators
22.46
-1.98 (-8.1%)
SPYGLASS PHARMA INC / SGP TA FAQ
What is the technical rating for SGP stock?
ChartMill assigns a technical rating of 2 / 10 to SGP.
Can you provide the trend direction for SPYGLASS PHARMA INC?
The current trend direction for SPYGLASS PHARMA INC (SGP) is Bullish.
Can you provide the RSI signal for SPYGLASS PHARMA INC?
SPYGLASS PHARMA INC (SGP) has an RSI value of 37.3109. This indicates that the stock is currently neutral.
What is the MACD signal for SGP stock?
The MACD indicator for SPYGLASS PHARMA INC (SGP) has a value of -0.834937, indicating a bearish trend.