AXS Short DeSPAC Daily ETF (SOGU) Stock Technical Analysis
USA - NASDAQ:SOGU - US46144X6444 - ETF
25 USD
0 (0%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SOGU is a bad performer in the overall market: 93% of all stocks are doing better.
SOGU is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month SOGU has a been trading in the 24.01 - 30.22 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SOGU has an average volume of 1864 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
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.
More info and screens
24.75
50.23
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:SOGU (6/16/2023, 8:00:03 PM)
25
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-4.76%
2 Weeks-8.26%
1 Month-15.34%
3 Month-24.59%
6 Month-55.16%
12 Month-56.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%2.72%
ATR Inc-10.87%
Range Today0.99
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.94
Mansfield-4.46
10 Day High27.16
10 Day Low24.01
20 Day High30.22
20 Day Low24.01
52 Week High69.58
52 Week Low24.01
CS1 EndN/A
CR1 Start33.81
Volume & EV
DER(3)-12.41%
DER(5)-5.5%
Volume9.90K
Volume Incr65.15%
Vol(5)3.98K
Vol(50)1.86K