SERITAGE GROWTH PROP- A (SRG) Stock Technical Analysis
USA - NYSE:SRG - US81752R1005 - Common Stock
Overall SRG gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, SRG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.90, a Stop Loss order could be placed below this zone.
More info and screens
2.74
We found 6 important support areas.
- A support zone ranging from 3.89 to 3.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.11 from a trend line in the daily time frame.
- Support @3.04 from a trend line in the weekly time frame.
- Support @2.95 from a trend line in the daily time frame.
- A support zone ranging from 2.82 to 2.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.23 to 4.30. 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 SRG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SRG is neutral. |
| ChartMill Relative Strength | 82.15 | POSITIVE | SRG has a high relative strength, it outperformed 82.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for SRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SRG has a negative trend. |
| Stochastics (14,3) | 27.97 | NEUTRAL | The Stochastics value for SRG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SRG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for SRG suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.15 | 3.98 | 0.17 (4.03%) | 24.83% |
| An entry @4.15. This is a Buy Stop order right above the 10 day moving average. | An exit @3.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 4.03%. | When investing 24.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SRG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.07
+0.01 (+0.25%)
SERITAGE GROWTH PROP- A / SRG FAQ
What is the ChartMill technical rating of SERITAGE GROWTH PROP- A (SRG) stock?
ChartMill assigns a technical rating of 7 / 10 to SRG.
Can you provide the trend direction for SERITAGE GROWTH PROP- A?
The current trend direction for SERITAGE GROWTH PROP- A (SRG) is Bullish.
Can you provide the RSI signal for SERITAGE GROWTH PROP- A?
SERITAGE GROWTH PROP- A (SRG) has an RSI value of 48.7323. This indicates that the stock is currently neutral.
What is the support and resistance level for SRG stock?
SERITAGE GROWTH PROP- A (SRG) has a support level at 3.9 and a resistance level at 4.23. Check the full technical report for our detailed analysis of SRG support and resistance levels.