SPAR GROUP INC (SGRP) Stock Technical Analysis
NASDAQ:SGRP - Nasdaq - US7849331035 - Common Stock - Currency: USD
Overall SGRP gets a technical rating of 0 out of 10. SGRP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 96% of all stocks are doing better.
SGRP is part of the Media industry. There are 97 other stocks in this industry, of which 82% 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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. 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
1.40
When analyzing the support we notice one important area.
- Support @0.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.14 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.37 to 1.39. 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 | 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 | 4.48 | NEGATIVE | SGRP has a low relative strength, it was outperformed by 95.52% 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) | 35.91 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for SGRP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for SGRP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.18 | POSITIVE | The high ADX value value for SGRP suggests a strong 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)
0.94
-0.01 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.05%
1 Week-0.06%
2 Weeks-8.74%
1 Month-11.32%
3 Month-17.54%
6 Month-50.26%
12 Month-56.48%
2 Year-24.8%
3 Year-19.65%
5 Year-7.84%
10 Year-28.24%
15 Year-7.84%
Volatility
ATR(14)0.04
ATR(20)%4.48%
ATR Inc-45.86%
Range Today0.03
ADR(20)0.04
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.48
Mansfield-4.98
10 Day High1.05
10 Day Low0.91
20 Day High1.08
20 Day Low0.91
52 Week High2.48
52 Week Low0.91
CS1 End0.93
CR1 Start0.95
Volume & EV
DER(3)8.68%
DER(5)10.42%
Volume218.90K
Volume Incr117.57%
Vol(5)81.96K
Vol(50)56.18K