SRG Technical Analysis - SERITAGE GROWTH PROP- A

Technical Rating and Analysis

Overall SRG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SRG is only an average performer.

The long and short term trends are both positive. This is looking good!

SRG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SRG is lagging the market slightly.

In the last month SRG has a been trading in the 3.44 - 4.56 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that SRG is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

SRG is an average performer in the Real Estate Management & Development industry, it outperforms 66% of 64 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SERITAGE GROWTH PROP- A / SRG Weekly stock chart

SERITAGE GROWTH PROP- A / SRG Daily stock chart

Setup Rating and Analysis

Although SRG has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.74

4.26

When analyzing the support we can see 4 important areas.

A support zone ranging from 4.05 to 4.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 2.95 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.83 from a horizontal line in the daily time frame.
Support @2.77 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 4.22 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	UP	POSITIVE	The long term trend for SRG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SRG is up.
ChartMill Relative Strength	70.57	POSITIVE	SRG has a high relative strength, it outperformed 70.57% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SRG is above the rising 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)	DOWN	MIXED	The current price of SRG is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.37	NEUTRAL	The RSI value for SRG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests SRG has a negative trend.
Stochastics (14,3)	60.52	NEUTRAL	The Stochastics value for SRG is a neutral value.
Average True Range in percent/ATR (20)	4.5	MEDIUM VOLATILITY	The ATR as a percentage value for SRG suggests some volalility.
Average Directional Index/ADX (14)	48.07	POSITIVE	The high ADX value value for SRG suggests a strong trend.