Taking everything into account, SQBG scores 0 out of 10 in our technical rating. SQBG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SQBG is bad and it also does not present a 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
6.18
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.64 to 10.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.34 from a trend line in the daily time frame.
- Resistance @12.12 from a horizontal line in the daily 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 SQBG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SQBG is down. |
| ChartMill Relative Strength | 11.24 | NEGATIVE | SQBG has a low relative strength, it was outperformed by 88.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SQBG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SQBG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SQBG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.89 | NEUTRAL | The RSI value for SQBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests SQBG has a negative trend. |
| Stochastics (14,3) | 29.76 | NEUTRAL | The Stochastics value for SQBG is a neutral value. |
| Average True Range in percent/ATR (20) | 26.86 | HIGH VOLATILITY | The high ATR as a percentage value for SQBG suggests high volalility. |
6.24
-1.21 (-16.24%)
Sequential Brands / SQBG FAQ
What is the ChartMill technical rating of Sequential Brands (SQBG) stock?
ChartMill assigns a technical rating of 0 / 10 to SQBG.
What is the current trend direction of Sequential Brands (SQBG) stock?
The current trend direction for Sequential Brands (SQBG) is Bearish.
What is the RSI signal for SQBG stock?
Sequential Brands (SQBG) has an RSI value of 37.8888. This indicates that the stock is currently neutral.
What is the MACD signal for Sequential Brands (SQBG) stock?
The MACD indicator for Sequential Brands (SQBG) has a value of -0.368756, indicating a bearish trend.
What is the buy/sell signal for SQBG stock?
The buy/sell signal for Sequential Brands (SQBG) is sell as both the short term and long term trends are negative.