SPAR GROUP INC (SGRP) Stock Technical Analysis
USA - NASDAQ:SGRP - US7849331035 - Common Stock
1.075 USD
+0.03 (+3.37%)
1.03 USD
-0.04 (-4.19%)
Taking everything into account, SGRP scores 0 out of 10 in our technical rating. SGRP'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SGRP is a bad performer in the overall market: 93% of all stocks are doing better.
SGRP is part of the Media industry. There are 95 other stocks in this industry, of which 69% are performing better than SGRP.
SGRP 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.
SGRP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
SGRP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SGRP 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.
More info and screens
0.92
1.29
We found 2 important support areas.
- A support zone ranging from 1.04 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @1.28 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 SGRP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGRP is down. |
| ChartMill Relative Strength | 7.16 | NEGATIVE | SGRP has a low relative strength, it was outperformed by 92.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGRP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGRP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGRP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for SGRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGRP has a positive trend. |
| Stochastics (14,3) | 65 | NEUTRAL | The Stochastics value for SGRP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SGRP suggests some volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for SGRP suggests a weak or negative 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)
1.075
+0.03 (+3.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg3.37%
1 Week2.88%
2 Weeks3.88%
1 Month-5.31%
3 Month-6.95%
6 Month-5.73%
12 Month-56.5%
2 Year8.1%
3 Year-34.36%
5 Year44.17%
10 Year-24.65%
15 Year1.9%
Volatility
ATR(14)0.04
ATR(20)%4.19%
ATR Inc-48.82%
Range Today0.03
ADR(20)0.04
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.16
Mansfield-3.35
10 Day High1.09
10 Day Low1.01
20 Day High1.15
20 Day Low0.99
52 Week High2.48
52 Week Low0.91
CS1 End1.06
CR1 Start1.08
Volume & EV
DER(3)13.34%
DER(5)-5.6%
Volume14.65K
Volume Incr-63.59%
Vol(5)17.03K
Vol(50)142.56K