SOUND GROUP INC (SOGP) Stock Technical Analysis
USA - NASDAQ:SOGP - US53933L2034 - ADR
Overall SOGP gets a technical rating of 4 out of 10. Although SOGP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SOGP has an average technical rating and it also 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
5.72
When analyzing the support we notice one important area.
- Support @5.78 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 SOGP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOGP is down. |
| ChartMill Relative Strength | 99.48 | POSITIVE | SOGP has a high relative strength, it outperformed 99.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOGP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOGP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.61 | NEUTRAL | The RSI value for SOGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests SOGP has a negative trend. |
| Stochastics (14,3) | 2.75 | OVERSOLD | The low Stochastics value suggests SOGP may be oversold. |
| Average True Range in percent/ATR (20) | 11.63 | HIGH VOLATILITY | The high ATR as a percentage value for SOGP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.11 | NEGATIVE | The low ADX value for SOGP suggests a weak or negative trend. |
10.94
-0.8 (-6.81%)
SOUND GROUP INC / SOGP FAQ
What is the technical rating for SOGP stock?
ChartMill assigns a technical rating of 4 / 10 to SOGP.
Can you provide the trend direction for SOUND GROUP INC?
The current trend direction for SOUND GROUP INC (SOGP) is Bearish.
What is the RSI signal for SOUND GROUP INC (SOGP) stock?
SOUND GROUP INC (SOGP) has an RSI value of 32.6098. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUND GROUP INC?
The short term momentum for SOUND GROUP INC (SOGP) is negative.
What is the support and resistance level for SOGP stock?
SOUND GROUP INC (SOGP) has a support level at 5.78. Check the full technical report for our detailed analysis of SOGP support and resistance levels.