SQNS Technical Analysis - SEQUANS COMMUNICATIONS-ADR

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SQNS. SQNS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

99% of all other stocks performed better in the past year than SQNS.

SQNS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 95% of 112 stocks in the same industry do better.

SQNS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SQNS has a been trading in the 7.34 - 10.61 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

SQNS has an average volume of 2379510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SEQUANS COMMUNICATIONS-ADR / SQNS Weekly stock chart

SEQUANS COMMUNICATIONS-ADR / SQNS Daily stock chart

Setup Rating and Analysis

The technical rating of SQNS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.38

9.80

When analyzing the resistance we notice one important area.

A resistance zone ranging from 9.62 to 9.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for SQNS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SQNS is down.
ChartMill Relative Strength	1.01	NEGATIVE	SQNS has a low relative strength, it was outperformed by 98.99% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SQNS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SQNS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SQNS is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.87	OVERSOLD	The low RSI value suggests SQNS may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests SQNS has a negative trend.
Stochastics (14,3)	3.41	OVERSOLD	The low Stochastics value suggests SQNS may be oversold.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for SQNS suggests high volalility.
Average Directional Index/ADX (14)	14.9	NEGATIVE	The low ADX value for SQNS suggests a weak or negative trend.