SOW GOOD INC (SOWG) Stock Technical Analysis
NASDAQ:SOWG - Nasdaq - US84612H1068 - Common Stock - Currency: USD
Taking everything into account, SOWG scores 2 out of 10 in our technical rating. In the past year, SOWG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SOWG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.76 from a horizontal line in the daily time frame.
- Support @0.68 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.84 to 0.84. 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 | DOWN | NEGATIVE | The long term trend for SOWG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOWG is neutral. |
| ChartMill Relative Strength | 1.14 | NEGATIVE | SOWG has a low relative strength, it was outperformed by 98.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOWG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOWG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.67 | NEUTRAL | The RSI value for SOWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SOWG has a positive trend. |
| Stochastics (14,3) | 26.52 | NEUTRAL | The Stochastics value for SOWG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.96 | HIGH VOLATILITY | The high ATR as a percentage value for SOWG suggests high volalility. |
| Average Directional Index/ADX (14) | 35.09 | POSITIVE | The high ADX value value for SOWG suggests a strong trend. |
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