SOUND GROUP INC (SOGP) Stock Technical Analysis
NASDAQ:SOGP • US53933L2034
Taking everything into account, SOGP scores 8 out of 10 in our technical rating. SOGP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long and short term trends are both positive. This is looking good!
- SOGP is part of the Entertainment industry. There are 80 other stocks in this industry. SOGP outperforms 100% of them.
- When comparing the yearly performance of all stocks, we notice that SOGP is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SOGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOGP is lagging the market.
- In the last month SOGP has a been trading in the 13.00 - 15.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SOGP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for SOGP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.49
3 important support areas can be observed.
- A support zone ranging from 13.74 to 13.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.24 to 13.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.62 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.56 to 14.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 15.03 to 15.49. This zone is formed by a combination of multiple trend lines 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 SOGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOGP is up. |
| ChartMill Relative Strength | 99.31 | POSITIVE | SOGP has a high relative strength, it outperformed 99.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOGP is above the rising 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) | 55.21 | NEUTRAL | The RSI value for SOGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SOGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.45 | NEUTRAL | The Stochastics value for SOGP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for SOGP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for SOGP suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.58 | 13.73 | 0.85 (5.83%) | 17.15% |
| An entry @14.58. This is a Buy Stop order right above the resistance zone. | An exit @13.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 5.83%. | For a 1.00% total portfolio risk, you can invest 17.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOGP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.55
+0.05 (+0.34%)
SOUND GROUP INC / SOGP FAQ
What is the technical rating for SOGP stock?
ChartMill assigns a technical rating of 8 / 10 to SOGP.
What is the current trend direction of SOUND GROUP INC (SOGP) stock?
The current trend direction for SOUND GROUP INC (SOGP) is Bullish.
What is the RSI signal for SOUND GROUP INC (SOGP) stock?
SOUND GROUP INC (SOGP) has an RSI value of 55.2081. This indicates that the stock is currently neutral.
What is the short term momentum for SOGP stock?
The short term momentum for SOUND GROUP INC (SOGP) is positive.
What are the support and resistance levels for SOUND GROUP INC (SOGP) stock?
SOUND GROUP INC (SOGP) has a support level at 13.79 and a resistance level at 14.56. Check the full technical report for our detailed analysis of SOGP support and resistance levels.