SIGA TECHNOLOGIES INC (SIGA) Stock Technical Analysis
NASDAQ:SIGA - Nasdaq - US8269171067 - Common Stock - Currency: USD
Overall SIGA gets a technical rating of 4 out of 10. In the last year, SIGA was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
74% of all other stocks performed better in the past year than SIGA.
SIGA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SIGA has a been trading in the 6.38 - 7.32 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SIGA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, SIGA did better than 50% of them.
Although the technical rating is only medium, SIGA does present a nice setup opportunity. 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.
More info and screens
5.53
7.43
We found 3 important support areas.
- A support zone ranging from 6.45 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.14 from a horizontal line in the daily time frame.
- Support @5.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.15 to 7.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.36 from a horizontal line 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 | DOWN | NEGATIVE | The short term trend for SIGA is down. |
| ChartMill Relative Strength | 26.79 | NEGATIVE | SIGA has a low relative strength, it was outperformed by 73.21% 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) | UP | POSITIVE | The current price of SIGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SIGA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.19 | NEUTRAL | The RSI value for SIGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SIGA has a negative trend. |
| Stochastics (14,3) | 16.45 | OVERSOLD | The low Stochastics value suggests SIGA may be oversold. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for SIGA 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)
6.65
+0.19 (+2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.94%
1 Week-7.77%
2 Weeks-2.92%
1 Month-1.19%
3 Month17.49%
6 Month13.68%
12 Month-23.48%
2 Year44.88%
3 Year-55.9%
5 Year-4.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.11%
ATR Inc1.32%
Range Today0.18
ADR(20)0.2
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.79
Mansfield-0.66
10 Day High7.32
10 Day Low6.38
20 Day High7.32
20 Day Low6.38
52 Week High12.83
52 Week Low4.95
CS1 End6.5
CR1 Start7.15
Volume & EV
DER(3)0.58%
DER(5)-3.36%
Volume282.38K
Volume Incr1.56%
Vol(5)343.19K
Vol(50)376.51K