SOMALOGIC INC (SLGC) Technical Analysis
NASDAQ:SLGC • US83444K1051
Current stock price
SLGC Technical Rating and Analysis
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.
- 78% of all other stocks performed better in the past year than SLGC.
- SLGC 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.
- In the last month SLGC has a been trading in the 1.93 - 2.74 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- SLGC has an average volume of 2298930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- SLGC is an average performer in the Life Sciences Tools & Services industry, it outperforms 51% of 57 stocks in the same industry.
SLGC Weekly and Daily overview Charts
SLGC Setup Rating and Analysis
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
SLGC Support and Resistance Analysis
2.07
When analyzing the support we notice one important 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.
4 important resistance areas can be observed.
- 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.
SLGC 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 | 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. |
SLGC Chart- and CandleStick Pattern Analysis
SLGC Technicals: Chart, Performance Metrics, Trend & Indicators
2.1
-0.1 (-4.55%)
SOMALOGIC INC / SLGC TA FAQ
Can you provide the ChartMill technical rating for SOMALOGIC INC?
ChartMill assigns a technical rating of 1 / 10 to SLGC.
What is the current trend direction of SOMALOGIC INC (SLGC) stock?
The current trend direction for SOMALOGIC INC (SLGC) is Bearish.
Can you provide the RSI signal for SOMALOGIC INC?
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 SLGC stock?
The short term momentum for SOMALOGIC INC (SLGC) is negative.
Can you provide the support and resistance levels for SOMALOGIC INC?
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.