SIGNET JEWELERS LTD (SIG) Stock Technical Analysis
USA - NYSE:SIG - BMG812761002 - Common Stock
We assign a technical rating of 7 out of 10 to SIG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SIG is only an average performer.
Although SIG has an excellent technical rating, the quality of the presented setup is not ideal 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
75.73
We found 4 important support areas.
- Support @98.45 from a trend line in the daily time frame.
- A support zone ranging from 91.31 to 93.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @89.37 from a trend line in the weekly time frame.
- Support @76.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 102.74 to 104.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for SIG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIG is neutral. |
| ChartMill Relative Strength | 78.67 | POSITIVE | SIG has a high relative strength, it outperformed 78.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SIG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.43 | NEUTRAL | The RSI value for SIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests SIG has a negative trend. |
| Stochastics (14,3) | 31.4 | NEUTRAL | The Stochastics value for SIG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SIG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.85 | POSITIVE | The high ADX value value for SIG suggests a strong trend. |
98.85
+0.04 (+0.04%)
SIGNET JEWELERS LTD / SIG FAQ
What is the technical rating for SIG stock?
ChartMill assigns a technical rating of 7 / 10 to SIG.
What is the current trend direction of SIGNET JEWELERS LTD (SIG) stock?
The current trend direction for SIGNET JEWELERS LTD (SIG) is Bullish.
What is the RSI signal for SIGNET JEWELERS LTD (SIG) stock?
SIGNET JEWELERS LTD (SIG) has an RSI value of 48.43. This indicates that the stock is currently neutral.
What is the MACD signal for SIGNET JEWELERS LTD (SIG) stock?
The MACD indicator for SIGNET JEWELERS LTD (SIG) has a value of -0.78692, indicating a bearish trend.