SEQUANS COMMUNICATIONS-ADR (SQNS) Stock Technical Analysis
NYSE:SQNS - New York Stock Exchange, Inc. - US8173233060 - ADR - Currency: USD
Taking everything into account, SQNS scores 2 out of 10 in our technical rating. SQNS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
SQNS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SQNS has a been trading in the 1.49 - 2.33 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, SQNS turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
SQNS is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 62% of 110 stocks in the same industry.
The technical rating of SQNS 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
1.57
1.95
When analyzing the support we can see 2 important areas.
- Support @1.67 from a trend line in the weekly time frame.
- Support @1.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.84 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SQNS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SQNS is neutral. |
| ChartMill Relative Strength | 59.34 | NEUTRAL | SQNS is not amongst the best or worst performers 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) | 39.13 | NEUTRAL | The RSI value for SQNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SQNS has a negative trend. |
| Stochastics (14,3) | 40.95 | NEUTRAL | The Stochastics value for SQNS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.56 | HIGH VOLATILITY | The high ATR as a percentage value for SQNS suggests high volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for SQNS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.67
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0%
1 Week-12.11%
2 Weeks-10.22%
1 Month-7.22%
3 Month-19.33%
6 Month-50.74%
12 Month32.86%
2 Year-70.04%
3 Year-75.17%
5 Year-89.12%
10 Year-90.23%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%8.56%
ATR Inc475.4%
Range Today0.32
ADR(20)0.14
ADR(20)%8.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.34
Mansfield-3.17
10 Day High2.33
10 Day Low1.49
20 Day High2.33
20 Day Low1.49
52 Week High4.28
52 Week Low0.95
CS1 End1.67
CR1 Start1.84
Volume & EV
DER(3)2.37%
DER(5)1%
Volume1.02M
Volume Incr6300%
Vol(5)3.08M
Vol(50)371.89K