We assign a technical rating of 0 out of 10 to SOGU. SOGU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SOGU has a poor technical rating and the quality of the setup is also not perfect 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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24.75
When analyzing the resistance we notice 2 important areas.
- Resistance @33.81 from a horizontal line in the daily time frame.
- Resistance @49.73 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 | DOWN | NEGATIVE | The long term trend for SOGU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOGU is down. |
| ChartMill Relative Strength | 7.94 | NEGATIVE | SOGU has a low relative strength, it was outperformed by 92.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOGU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOGU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOGU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.22 | OVERSOLD | The low RSI value suggests SOGU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SOGU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.78 | OVERSOLD | The low Stochastics value suggests SOGU may be oversold. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SOGU suggests some volalility. |
| Average Directional Index/ADX (14) | 43.47 | POSITIVE | The high ADX value value for SOGU suggests a strong trend. |
NASDAQ:SOGU (6/16/2023, 8:00:03 PM)
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AXS Short DeSPAC Daily ETF / SOGU FAQ
What is the ChartMill technical rating of AXS Short DeSPAC Daily ETF (SOGU) stock?
ChartMill assigns a technical rating of 0 / 10 to SOGU.
What is the current trend direction of AXS Short DeSPAC Daily ETF (SOGU) stock?
The current trend direction for AXS Short DeSPAC Daily ETF (SOGU) is Bearish.
What is the RSI signal for AXS Short DeSPAC Daily ETF (SOGU) stock?
AXS Short DeSPAC Daily ETF (SOGU) has an RSI value of 21.2211. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for AXS Short DeSPAC Daily ETF?
The buy/sell signal for AXS Short DeSPAC Daily ETF (SOGU) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for AXS Short DeSPAC Daily ETF (SOGU) stock?
AXS Short DeSPAC Daily ETF (SOGU) has a resistance level at 33.81. Check the full technical report for our detailed analysis of SOGU support and resistance levels.