Taking everything into account, SIGA scores 2 out of 10 in our technical rating. In the past year, SIGA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 78% of all other stocks performed better in the past year than SIGA.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- SIGA is part of the Pharmaceuticals industry. There are 190 other stocks in this industry, SIGA did better than 46% of them.
- SIGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SIGA is lagging the market.
- In the last month SIGA has a been trading in the 6.08 - 6.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SIGA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SIGA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.38 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.15 to 6.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.76 to 5.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.62 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.86 from a horizontal line in the daily time frame.
- Resistance @7.02 from a trend line in the daily time frame.
- Resistance @8.80 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 | DOWN | NEGATIVE | The long term trend for SIGA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIGA is up. |
| ChartMill Relative Strength | 22.52 | NEGATIVE | SIGA has a low relative strength, it was outperformed by 77.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SIGA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SIGA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.42 | NEUTRAL | The RSI value for SIGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SIGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for SIGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for SIGA suggests a possible start of a new trend. |
6.61
-0.11 (-1.64%)
SIGA TECHNOLOGIES INC / SIGA FAQ
Can you provide the ChartMill technical rating for SIGA TECHNOLOGIES INC?
ChartMill assigns a technical rating of 2 / 10 to SIGA.
Can you provide the trend direction for SIGA TECHNOLOGIES INC?
The current trend direction for SIGA TECHNOLOGIES INC (SIGA) is Bearish.
What is the RSI signal for SIGA TECHNOLOGIES INC (SIGA) stock?
SIGA TECHNOLOGIES INC (SIGA) has an RSI value of 54.4238. This indicates that the stock is currently neutral.
What is the buy/sell signal for SIGA TECHNOLOGIES INC (SIGA) stock?
The buy/sell signal for SIGA TECHNOLOGIES INC (SIGA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for SIGA TECHNOLOGIES INC?
SIGA TECHNOLOGIES INC (SIGA) has a support level at 6.5 and a resistance level at 6.62. Check the full technical report for our detailed analysis of SIGA support and resistance levels.