SIGA TECHNOLOGIES INC (SIGA) Stock Technical Analysis
USA - NASDAQ:SIGA - US8269171067 - Common Stock
Taking everything into account, SIGA scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
SIGA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.36, a Stop Loss order could be placed below this zone.
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5.68
We found 6 important support areas.
- A support zone ranging from 8.18 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.67 from a trend line in the daily time frame.
- Support @7.34 from a trend line in the daily time frame.
- Support @6.47 from a horizontal line in the daily time frame.
- Support @6.14 from a horizontal line in the daily time frame.
- Support @5.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.07 to 9.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.48 to 9.49. This zone is formed by a combination of multiple trend lines in the daily 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 SIGA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIGA is neutral. |
| ChartMill Relative Strength | 81.98 | POSITIVE | SIGA has a high relative strength, it outperformed 81.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SIGA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIGA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for SIGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SIGA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.74 | NEUTRAL | The Stochastics value for SIGA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for SIGA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 8.56 | 8.17 | 0.38 (4.50%) | 22.22% |
| An entry @8.55. This is a Buy Stop order right above the 10 day high. | An exit @8.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.38 points, which is 4.50%. | For a 1.00% total portfolio risk, you can invest 22.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SIGA. Please evaluate whether better entry and exit points can be found.
- 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.
8.44
+0.04 (+0.48%)
SIGA TECHNOLOGIES INC / SIGA FAQ
Can you provide the ChartMill technical rating for SIGA TECHNOLOGIES INC?
ChartMill assigns a technical rating of 6 / 10 to SIGA.
What is the trend direction for SIGA stock?
The current trend direction for SIGA TECHNOLOGIES INC (SIGA) is Bullish.
What is the RSI signal for SIGA TECHNOLOGIES INC (SIGA) stock?
SIGA TECHNOLOGIES INC (SIGA) has an RSI value of 48.4232. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SIGA TECHNOLOGIES INC?
The MACD indicator for SIGA TECHNOLOGIES INC (SIGA) has a value of -0.00718799, indicating a bearish trend.
What is the short term momentum for SIGA TECHNOLOGIES INC (SIGA) stock?
The short term momentum for SIGA TECHNOLOGIES INC (SIGA) is neutral.