SIGNET JEWELERS LTD (SIG) Stock Technical Analysis
NYSE:SIG - New York Stock Exchange, Inc. - BMG812761002 - Common Stock - Currency: USD
Overall SIG gets a technical rating of 8 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
SIG is one of the better performing stocks in the Specialty Retail industry, it outperforms 75% of 122 stocks in the same industry.
In the last month SIG has a been trading in the 75.88 - 84.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SIG has an average volume of 1158650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SIG is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SIG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SIG is lagging the market.
Besides having an excellent technical rating, SIG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for SIG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
78.77
94.16
When analyzing the support we notice one important area.
- A support zone ranging from 79.57 to 79.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 81.50 to 84.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @93.23 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for SIG is up. |
| ChartMill Relative Strength | 78.87 | POSITIVE | SIG has a high relative strength, it outperformed 78.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIG is above 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) | DOWN | MIXED | The current price of SIG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.42 | NEUTRAL | The RSI value for SIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests SIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.03 | NEUTRAL | The Stochastics value for SIG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SIG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.95 | POSITIVE | The high ADX value value for SIG 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 84.07 | 79.56 | 4.51 (5.36%) | 18.64% |
| An entry @84.07. This is a Buy Stop order right above the resistance zone. | An exit @79.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.51 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.64% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
81.05
+1.48 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.86%
1 Week-0.78%
2 Weeks-1.59%
1 Month2.58%
3 Month46.35%
6 Month41.01%
12 Month-3.84%
2 Year0.7%
3 Year32.96%
5 Year654.66%
10 Year-33.14%
15 Year172.25%
Volatility
ATR(14)2.72
ATR(20)%3.56%
ATR Inc-14.44%
Range Today2.31
ADR(20)2.66
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.87
Mansfield-0.05
10 Day High84.87
10 Day Low78.51
20 Day High84.87
20 Day Low75.88
52 Week High106.28
52 Week Low45.55
CS1 End79.57
CR1 Start81.5
Volume & EV
DER(3)3.48%
DER(5)2.29%
Volume913.10K
Volume Incr15.63%
Vol(5)1.28M
Vol(50)1.16M