SINO-GLOBAL SHIPPING AMERICA (SINO) Stock Technical Analysis
NASDAQ:SINO
We assign a technical rating of 8 out of 10 to SINO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SINO is showing a nice and steady performance.
- 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SINO is part of the Transportation Infrastructure industry. There are 6 other stocks in this industry. SINO outperforms 100% of them.
- Looking at the yearly performance, SINO did better than 97% of all other 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.
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.
More info and screens
2.38
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.
We found 1 important resistance area.
- Resistance @4.78 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 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. |
4.19
+0.07 (+1.7%)
SINO-GLOBAL SHIPPING AMERICA / SINO FAQ
Can you provide the ChartMill technical rating for SINO-GLOBAL SHIPPING AMERICA?
ChartMill assigns a technical rating of 7 / 10 to SINO.
What is the trend direction for SINO stock?
The current trend direction for SINO-GLOBAL SHIPPING AMERICA (SINO) is Bullish.
What is the RSI signal for SINO stock?
SINO-GLOBAL SHIPPING AMERICA (SINO) has an RSI value of 51.7763. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SINO-GLOBAL SHIPPING AMERICA?
The short term momentum for SINO-GLOBAL SHIPPING AMERICA (SINO) is neutral.
What is the support and resistance level for SINO stock?
SINO-GLOBAL SHIPPING AMERICA (SINO) has a support level at 4.11 and a resistance level at 4.78. Check the full technical report for our detailed analysis of SINO support and resistance levels.