SINO Technical Analysis - SINO-GLOBAL SHIPPING AMERICA

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to SINO. Both in the recent history as in the last year, SINO has proven to be a steady performer, scoring decent points in every aspect analyzed.

SINO 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

SINO is one of the better performing stocks in the Transportation Infrastructure industry, it outperforms 100% of 6 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that SINO is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

In the last month SINO has a been trading in the 3.39 - 5.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SINO-GLOBAL SHIPPING AMERICA / SINO Weekly stock chart

SINO-GLOBAL SHIPPING AMERICA / SINO Daily stock chart

Setup Rating and Analysis

Although SINO has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.38

4.83

4 important support areas can be observed.

A support zone ranging from 4.11 to 4.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.44 from a trend line in the daily time frame.
Support @2.51 from a trend line in the weekly time frame.
Support @2.40 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @4.78 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 SINO is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SINO is neutral.
ChartMill Relative Strength	97.94	POSITIVE	SINO has a high relative strength, it outperformed 97.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SINO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SINO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of SINO is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.78	NEUTRAL	The RSI value for SINO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SINO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	50.03	NEUTRAL	The Stochastics value for SINO is a neutral value.
Average True Range in percent/ATR (20)	9.91	HIGH VOLATILITY	The high ATR as a percentage value for SINO suggests high volalility.