CIA SIDERURGICA NACL-SP ADR (SID) Technical Analysis
NYSE:SID • US20440W1053
Current stock price
SID Technical Rating and Analysis
Overall SID gets a technical rating of 0 out of 10. SID 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, SID is a bad performer in the overall market: 90% of all stocks are doing better.
- SID is one of the lesser performing stocks in the Metals & Mining industry. 85% of 157 stocks in the same industry do better.
- SID 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 SID is lagging the market.
- In the last month SID has a been trading in the 1.11 - 1.72 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.
- SID has an average volume of 5629800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SID Weekly and Daily overview Charts
SID Setup Rating and Analysis
The technical rating of SID 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
SID Support and Resistance Analysis
1.16
We found 1 important resistance area.
- Resistance @1.89 from a trend line in the weekly time frame.
SID 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 | DOWN | NEGATIVE | The long term trend for SID is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SID is down. |
| ChartMill Relative Strength | 10.9 | NEGATIVE | SID has a low relative strength, it was outperformed by 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SID is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SID is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SID is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.24 | OVERSOLD | The low RSI value suggests SID may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.72 | OVERSOLD | The low Stochastics value suggests SID may be oversold. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for SID suggests high volalility. |
| Average Directional Index/ADX (14) | 32.61 | POSITIVE | The high ADX value value for SID suggests a strong trend. |
SID Chart- and CandleStick Pattern Analysis
SID Technicals: Chart, Performance Metrics, Trend & Indicators
1.17
-0.03 (-2.5%)
CIA SIDERURGICA NACL-SP ADR / SID TA FAQ
What is the ChartMill technical rating of CIA SIDERURGICA NACL-SP ADR (SID) stock?
ChartMill assigns a technical rating of 0 / 10 to SID.
What is the trend direction for SID stock?
The current trend direction for CIA SIDERURGICA NACL-SP ADR (SID) is Bearish.
What is the RSI signal for CIA SIDERURGICA NACL-SP ADR (SID) stock?
CIA SIDERURGICA NACL-SP ADR (SID) has an RSI value of 28.235. This indicates that the stock is currently oversold.
What is the short term momentum for SID stock?
The short term momentum for CIA SIDERURGICA NACL-SP ADR (SID) is negative.
Can you provide the buy/sell signal for CIA SIDERURGICA NACL-SP ADR?
The buy/sell signal for CIA SIDERURGICA NACL-SP ADR (SID) is sell as both the short term and long term trends are negative.