SIGNET JEWELERS LTD (SIG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SIG - BMG812761002 - Common Stock
Overall SIG gets a technical rating of 1 out of 10. SIG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of SIG 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.
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82.17
When analyzing the support we notice one important area.
- A support zone ranging from 83.00 to 83.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @100.97 from a horizontal line in the weekly time frame.
- Resistance @103.18 from a trend line in the weekly time frame.
- A resistance zone ranging from 104.91 to 106.45. 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 | NEUTRAL | NEUTRAL | The long term trend for SIG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SIG is down. |
| ChartMill Relative Strength | 43.2 | NEUTRAL | SIG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIG is below a declining 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) | 39.28 | NEUTRAL | The RSI value for SIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.2 | NEGATIVE | The MACD value suggests SIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.12 | OVERSOLD | The low Stochastics value suggests SIG may be oversold. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for SIG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for SIG suggests a possible start of a new trend. |
87.25
-0.06 (-0.07%)
SIGNET JEWELERS LTD / SIG FAQ
What is the technical rating for SIG stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for SIGNET JEWELERS LTD (SIG) stock?
SIGNET JEWELERS LTD (SIG) has an RSI value of 39.2847. 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 -1.20212, indicating a bearish trend.