HIPGNOSIS SONGS FUND LTD (SONG.L) Stock Technical Analysis
Europe - LON:SONG - GG00BFYT9H72
Overall SONG gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SONG is only an average performer.
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
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.
When analyzing the resistance we notice one important 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.
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. |
LON:SONG (7/26/2024, 5:25:48 PM)
102
+0.8 (+0.79%)
HIPGNOSIS SONGS FUND LTD / SONG.L FAQ
What is the technical rating for SONG stock?
ChartMill assigns a technical rating of 6 / 10 to SONG.L.
What is the trend direction for SONG stock?
The current trend direction for HIPGNOSIS SONGS FUND LTD (SONG.L) is Bullish.
Can you provide the RSI signal for HIPGNOSIS SONGS FUND LTD?
HIPGNOSIS SONGS FUND LTD (SONG.L) has an RSI value of 59.4189. This indicates that the stock is currently neutral.
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.
What is the buy/sell signal for HIPGNOSIS SONGS FUND LTD (SONG.L) stock?
The buy/sell signal for HIPGNOSIS SONGS FUND LTD (SONG.L) is buy as both the short term and long term trends are positive.