SRG Technical Analysis - SERITAGE GROWTH PROP- A

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to SRG. In the last year, SRG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month SRG has a been trading in the 3.88 - 4.40 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

SRG is part of the Real Estate Management & Development industry. There are 63 other stocks in this industry. SRG outperforms 70% of them.

When comparing the performance of all stocks over the past year, SRG turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.

SRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SRG is lagging the market.

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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 the technical rating is only medium, SRG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.89, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.74

4.28

We found 6 important support areas.

A support zone ranging from 3.89 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.05 from a trend line in the daily time frame.
Support @3.00 from a trend line in the weekly time frame.
Support @2.92 from a trend line in the daily time frame.
Support @2.83 from a horizontal line in the daily time frame.
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 4.14 to 4.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The short term trend for SRG is neutral.
ChartMill Relative Strength	67.08	NEUTRAL	SRG is not amongst the best or worst performers 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)	51.26	NEUTRAL	The RSI value for SRG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests SRG has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.95	NEUTRAL	The Stochastics value for SRG is a neutral value.
Average True Range in percent/ATR (20)	4.21	MEDIUM VOLATILITY	The ATR as a percentage value for SRG suggests some volalility.
Average Directional Index/ADX (14)	40.8	POSITIVE	The high ADX value value for SRG suggests a strong trend.