SPAR GROUP INC (SGRP) Stock Technical Analysis
NASDAQ:SGRP - Nasdaq - US7849331035 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SGRP is a bad performer in the overall market: 94% of all stocks are doing better.
SGRP is part of the Media industry. There are 96 other stocks in this industry, of which 77% are performing better than SGRP.
SGRP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SGRP is lagging the market.
In the last month SGRP has a been trading in the 1.00 - 1.21 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of SGRP 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
1.00
1.56
2 important support areas can be observed.
- Support @1.03 from a trend line in the weekly time frame.
- A support zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.13 from a trend line in the daily time frame.
- A resistance zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.18 from a horizontal line in the daily time frame.
- Resistance @1.54 from a trend line in the weekly 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 | 6.02 | NEGATIVE | SGRP has a low relative strength, it was outperformed by 93.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGRP is below 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) | 38.76 | NEUTRAL | The RSI value for SGRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SGRP has a negative trend. |
| Stochastics (14,3) | 14.17 | OVERSOLD | The low Stochastics value suggests SGRP may be oversold. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for SGRP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.2 | 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)
1.035
+0.01 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.47%
1 Week-10.78%
2 Weeks-3.72%
1 Month-1.43%
3 Month-34.08%
6 Month-53.59%
12 Month-58.43%
2 Year-13.75%
3 Year-20.99%
5 Year50.04%
10 Year-21.59%
15 Year12.5%
Volatility
ATR(14)0.05
ATR(20)%5.7%
ATR Inc-55.26%
Range Today0.02
ADR(20)0.06
ADR(20)%5.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.02
Mansfield-4.66
10 Day High1.21
10 Day Low1
20 Day High1.21
20 Day Low1
52 Week High3.12
52 Week Low1
CS1 End1.03
CR1 Start1.09
Volume & EV
DER(3)-5.16%
DER(5)-2.48%
Volume33.40K
Volume Incr234.75%
Vol(5)140.66K
Vol(50)63.47K