Taking everything into account, SLGC scores 1 out of 10 in our technical rating. SLGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SLGC is bad and it also does not present a 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
2.07
We found 1 important support area.
- A support zone ranging from 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.34 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.61 from a trend line in the daily time frame.
- A resistance zone ranging from 2.73 to 2.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.84 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SLGC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLGC is down. |
| ChartMill Relative Strength | 22 | NEGATIVE | SLGC has a low relative strength, it was outperformed by 78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.01 | NEUTRAL | The RSI value for SLGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SLGC has a negative trend. |
| Stochastics (14,3) | 25.84 | NEUTRAL | The Stochastics value for SLGC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.64 | HIGH VOLATILITY | The high ATR as a percentage value for SLGC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for SLGC suggests a weak or negative trend. |
2.1
-0.1 (-4.55%)
SOMALOGIC INC / SLGC FAQ
Can you provide the ChartMill technical rating for SOMALOGIC INC?
ChartMill assigns a technical rating of 1 / 10 to SLGC.
What is the trend direction for SLGC stock?
The current trend direction for SOMALOGIC INC (SLGC) is Bearish.
What is the RSI signal for SOMALOGIC INC (SLGC) stock?
SOMALOGIC INC (SLGC) has an RSI value of 39.0066. This indicates that the stock is currently neutral.
What is the short term momentum for SOMALOGIC INC (SLGC) stock?
The short term momentum for SOMALOGIC INC (SLGC) is negative.
What are the support and resistance levels for SOMALOGIC INC (SLGC) stock?
SOMALOGIC INC (SLGC) has a support level at 2.09 and a resistance level at 2.34. Check the full technical report for our detailed analysis of SLGC support and resistance levels.