HIPGNOSIS SONGS FUND LTD (SONG.L) Technical Analysis
LON:SONG • GG00BFYT9H72
Current stock price
SONG.L Technical Rating and Analysis
Overall SONG gets a technical rating of 6 out of 10. Although SONG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- SONG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SONG is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that SONG is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month SONG has a been trading in a tight range between 99.90 and 102.80.
- Considerably lower volume is observed in the last couple of days.
SONG.L Weekly and Daily overview Charts
SONG.L Setup Rating and Analysis
SONG 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
SONG.L Support and Resistance Analysis
98.90
When analyzing the support we notice one important area.
- A support zone ranging from 99.90 to 101.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 104.60 to 105.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
SONG.L 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 SONG.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SONG.L is up. |
| ChartMill Relative Strength | 71.02 | POSITIVE | SONG.L has a high relative strength, it outperformed 71.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SONG.L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SONG.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SONG.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.42 | NEUTRAL | The RSI value for SONG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SONG.L has a positive trend. |
| Stochastics (14,3) | 71.3 | NEUTRAL | The Stochastics value for SONG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for SONG.L suggests low volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for SONG.L suggests a possible start of a new trend. |
SONG.L Chart- and CandleStick Pattern Analysis
SONG.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:SONG (7/26/2024, 5:25:48 PM)
102
+0.8 (+0.79%)
HIPGNOSIS SONGS FUND LTD / SONG.L TA FAQ
What is the technical rating for SONG stock?
ChartMill assigns a technical rating of 6 / 10 to SONG.L.
What is the current trend direction of HIPGNOSIS SONGS FUND LTD (SONG.L) stock?
The current trend direction for HIPGNOSIS SONGS FUND LTD (SONG.L) is Bullish.
What is the RSI signal for SONG stock?
HIPGNOSIS SONGS FUND LTD (SONG.L) has an RSI value of 59.4189. This indicates that the stock is currently neutral.
What is the MACD signal for SONG stock?
The MACD indicator for HIPGNOSIS SONGS FUND LTD (SONG.L) has a value of 0.0313221, indicating a bearish trend.
Can you provide the short term momentum for HIPGNOSIS SONGS FUND LTD?
The short term momentum for HIPGNOSIS SONGS FUND LTD (SONG.L) is positive.