SUGR Technical Analysis - SUCRO LTD

Technical Rating and Analysis

Taking everything into account, SUGR scores 1 out of 10 in our technical rating. SUGR 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month SUGR has a been trading in the 11.27 - 13.90 range, which is quite wide. It is currently trading near the lows of this range.

Warning: SUGR has an average volume of 1024 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

SUGR is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 75% of 17 stocks in the same industry.

When compared to the yearly performance of all other stocks, SUGR outperforms 60% of them, which is more or less in line with the market.

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

Considerably lower volume is observed in the last couple of days.

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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

The technical rating of SUGR 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.64

13.64

3 important support areas can be observed.

A support zone ranging from 11.26 to 11.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @11.00 from a horizontal line in the daily time frame.
Support @10.75 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 13.01 to 13.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @13.50 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for SUGR.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SUGR.CA is down.
ChartMill Relative Strength	60.26	NEUTRAL	SUGR.CA is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of SUGR.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of SUGR.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)	33.1	NEUTRAL	The RSI value for SUGR.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests SUGR.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.26	OVERSOLD	The low Stochastics value suggests SUGR.CA may be oversold.
Average True Range in percent/ATR (20)	2.71	MEDIUM VOLATILITY	The ATR as a percentage value for SUGR.CA suggests some volalility.
Average Directional Index/ADX (14)	38.94	POSITIVE	The high ADX value value for SUGR.CA suggests a strong trend.