SIGNET JEWELERS LTD (SIG) Technical Analysis
NYSE:SIG • BMG812761002
Current stock price
SIG Technical Rating and Analysis
Taking everything into account, SIG scores 2 out of 10 in our technical rating. Although SIG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- SIG is one of the better performing stocks in the Specialty Retail industry, it outperforms 85% of 123 stocks in the same industry.
- SIG has an average volume of 1000060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, SIG did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- SIG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SIG is lagging the market slightly.
- In the last month SIG has a been trading in the 78.69 - 98.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SIG Weekly and Daily overview Charts
SIG Setup Rating and Analysis
SIG has a poor technical rating and the quality of the setup is also only medium 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
SIG Support and Resistance Analysis
77.98
2 important support areas can be observed.
- Support @82.21 from a horizontal line in the weekly time frame.
- A support zone ranging from 78.77 to 80.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 88.67 to 89.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 91.77 to 92.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @96.21 from a trend line in the weekly time frame.
- Resistance @98.48 from a trend line in the daily time frame.
- A resistance zone ranging from 100.97 to 101.99. This zone is formed by a combination of multiple trend lines in the weekly time frame.
SIG 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 | 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 | 83.7 | POSITIVE | SIG has a high relative strength, it outperformed 83.7% off all stocks 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 | MIXED | The current price of SIG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.83 | NEUTRAL | The RSI value for SIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.31 | NEUTRAL | The Stochastics value for SIG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for SIG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for SIG suggests a weak or negative trend. |
SIG Chart- and CandleStick Pattern Analysis
SIG Technicals: Chart, Performance Metrics, Trend & Indicators
84.04
-3.88 (-4.41%)
SIGNET JEWELERS LTD / SIG TA FAQ
Can you provide the ChartMill technical rating for SIGNET JEWELERS LTD?
ChartMill assigns a technical rating of 2 / 10 to SIG.
What is the trend direction for 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 41.8278. This indicates that the stock is currently neutral.
What are the support and resistance levels for SIGNET JEWELERS LTD (SIG) stock?
SIGNET JEWELERS LTD (SIG) has a support level at 82.21 and a resistance level at 88.67. Check the full technical report for our detailed analysis of SIG support and resistance levels.