SOGP Technical Analysis - SOUND GROUP INC

Technical Rating and Analysis

Overall SOGP gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month SOGP has a been trading in the 12.50 - 25.86 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

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. We also observe that the gains produced by SOGP over the past year are nicely spread over this period.

SOGP is part of the Entertainment industry. There are 81 other stocks in this industry. SOGP outperforms 98% of them.

SOGP has an average volume of 3633510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SOUND GROUP INC / SOGP Weekly stock chart

SOUND GROUP INC / SOGP Daily stock chart

Setup Rating and Analysis

SOGP has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.84

15.98

When analyzing the support we can see 2 important areas.

A support zone ranging from 14.59 to 14.60. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
Support @13.98 from a trend line in the daily time frame.

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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	UP	POSITIVE	The long term trend for SOGP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SOGP is neutral.
ChartMill Relative Strength	99.41	POSITIVE	SOGP has a high relative strength, it outperformed 99.41% 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)	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)	46.82	NEUTRAL	The RSI value for SOGP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.52	NEGATIVE	The MACD value suggests SOGP has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.63	NEUTRAL	The Stochastics value for SOGP is a neutral value.
Average True Range in percent/ATR (20)	17.98	HIGH VOLATILITY	The high ATR as a percentage value for SOGP suggests high volalility.
Average Directional Index/ADX (14)	21.75	NEUTRAL	The ADX value for SOGP suggests a possible start of a new trend.