SUGR Technical Analysis - SUCRO LTD

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to SUGR. 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.

Warning: SUGR has an average volume of 679 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that SUGR is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by SUGR over the past year are nicely spread over this period.

SUGR is part of the Consumer Staples Distribution & Retail industry. There are 17 other stocks in this industry. SUGR outperforms 81% of them.

SUGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month SUGR has a been trading in the 12.00 - 13.49 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although SUGR has an excellent technical rating, it does not present a decent entry opportunity 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

10.89

13.65

4 important support areas can be observed.

A support zone ranging from 12.99 to 12.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @12.75 from a horizontal line in the daily time frame.
Support @11.31 from a trend line in the daily time frame.
Support @11.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 13.06 to 13.51. 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

Support and Resistance Screener and Trading Strategies

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 SUGR.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SUGR.CA is neutral.
ChartMill Relative Strength	77.45	POSITIVE	SUGR.CA has a high relative strength, it outperformed 77.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SUGR.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SUGR.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SUGR.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.57	NEUTRAL	The RSI value for SUGR.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests SUGR.CA has a negative trend.
Stochastics (14,3)	87.92	OVERBOUGHT	The high Stochastics value suggests SUGR.CA may be overbought.
Average True Range in percent/ATR (20)	1.32	LOW VOLATILITY	The low ATR as a percentage value for SUGR.CA suggests low volalility.
Average Directional Index/ADX (14)	43.59	POSITIVE	The high ADX value value for SUGR.CA suggests a strong trend.