SIGA TECHNOLOGIES INC (SIGA) Stock Technical Analysis
NASDAQ:SIGA - US8269171067 - Common Stock
8.39 USD
+0.18 (+2.19%)
8.39 USD
0 (0%)
We assign a technical rating of 8 out of 10 to SIGA. Although SIGA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SIGA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SIGA is lagging the market slightly.
Looking at the yearly performance, SIGA did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SIGA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, SIGA did better than 63% of them.
In the last month SIGA has a been trading in the 6.48 - 9.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SIGA has an excellent technical rating, the quality of the presented setup is not ideal 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
5.58
9.23
We found 5 important support areas.
- Support @8.20 from a horizontal line in the daily time frame.
- Support @6.87 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 @5.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.94 from a trend line in the daily time frame.
- Resistance @9.14 from a horizontal 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 SIGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIGA is up. |
| ChartMill Relative Strength | 77.27 | POSITIVE | SIGA has a high relative strength, it outperformed 77.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SIGA is below the rising 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) | UP | POSITIVE | The current price of SIGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.45 | NEUTRAL | The RSI value for SIGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SIGA has a negative trend. |
| Stochastics (14,3) | 6.57 | OVERSOLD | The low Stochastics value suggests SIGA may be oversold. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for SIGA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.91 | 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)
8.39
+0.18 (+2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.19%
1 Week-8.11%
2 Weeks-1.29%
1 Month29.88%
3 Month40.3%
6 Month52.82%
12 Month-7.09%
2 Year82.79%
3 Year-44.36%
5 Year20.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%5.57%
ATR Inc-56.7%
Range Today0.16
ADR(20)0.44
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.27
Mansfield1.68
10 Day High9.2
10 Day Low8.19
20 Day High9.62
20 Day Low6.48
52 Week High9.62
52 Week Low4.95
CS1 End8.2
CR1 Start8.94
Volume & EV
DER(3)-3.01%
DER(5)-2.75%
Volume354.80K
Volume Incr-35.95%
Vol(5)420.98K
Vol(50)482.73K