SMART LOGISTICS GLOBAL LTD (SLGB) Stock Technical Analysis
NASDAQ:SLGB • KYG821951012
Taking everything into account, SLGB scores 2 out of 10 in our technical rating. In the last year, SLGB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 100% of all other stocks performed better in the past year than SLGB.
- SLGB is part of the Ground Transportation industry. There are 42 other stocks in this industry, of which 87% are performing better than SLGB.
- In the last month SLGB has a been trading in the 1.18 - 4.22 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SLGB has an average volume of 3727480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- Considerably lower volume is observed in the last couple of days.
SLGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.13
When analyzing the support we can see 2 important areas.
- Support @1.36 from a horizontal line in the daily time frame.
- Support @1.14 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.50 from a trend 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 SLGB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLGB is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SLGB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLGB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLGB is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.9 | NEUTRAL | The RSI value for SLGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SLGB has a negative trend. |
| Stochastics (14,3) | 7.04 | OVERSOLD | The low Stochastics value suggests SLGB may be oversold. |
| Average True Range in percent/ATR (20) | 51.96 | HIGH VOLATILITY | The high ATR as a percentage value for SLGB suggests high volalility. |
| Average Directional Index/ADX (14) | 40.33 | POSITIVE | The high ADX value value for SLGB suggests a strong trend. |
1.395
+0.02 (+1.63%)
SMART LOGISTICS GLOBAL LTD / SLGB FAQ
What is the ChartMill technical rating of SMART LOGISTICS GLOBAL LTD (SLGB) stock?
ChartMill assigns a technical rating of 2 / 10 to SLGB.
What is the trend direction for SLGB stock?
The current trend direction for SMART LOGISTICS GLOBAL LTD (SLGB) is Bullish.
What is the RSI signal for SLGB stock?
SMART LOGISTICS GLOBAL LTD (SLGB) has an RSI value of 44.898. This indicates that the stock is currently neutral.
What is the MACD signal for SLGB stock?
The MACD indicator for SMART LOGISTICS GLOBAL LTD (SLGB) has a value of -0.0836659, indicating a bearish trend.
What are the support and resistance levels for SMART LOGISTICS GLOBAL LTD (SLGB) stock?
SMART LOGISTICS GLOBAL LTD (SLGB) has a support level at 1.36 and a resistance level at 2.5. Check the full technical report for our detailed analysis of SLGB support and resistance levels.