SUMO LOGIC INC (SUMO)
US86646P1030 - Common Stock
Overall SUMO gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SUMO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SUMO is part of the Software industry. There are 276 other stocks in this industry. SUMO outperforms 82% of them.
SUMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SUMO is leading the market.
SUMO has an average volume of 2699870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SUMO did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SUMO has a been trading in a tight range between 11.97 and 12.06.
SUMO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.03, a Stop Loss order could be placed below this zone.
More info and screens
8.48
12.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.86 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.50 to 11.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.77 from a trend line in the daily time frame.
- Support @8.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.09 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.26
Mansfield2.77
10 Day High12.07
10 Day Low12
20 Day High12.07
20 Day Low11.97
52 Week High12.6
52 Week Low6.43
Performance
1 Week0%
2 Weeks0.25%
1 Month0.25%
3 Month1.43%
6 Month51.07%
12 Month49.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)60.74
LBB11.99
UBB12.06
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 |
|---|---|---|---|
| 12.08 | 11.99 | 0.08 (0.70%) | 25.00% |
| An entry @12.07. This is a Buy Stop order right above the 10 day high. | An exit @11.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
SUMO LOGIC INC
NASDAQ:SUMO (5/11/2023, 7:13:18 PM)
After market: 12.04 0 (0%)12.04
-0.01 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.08%
1 Week0%
2 Weeks0.25%
1 Month0.25%
3 Month1.43%
6 Month51.07%
12 Month49.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%0.2%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.07
10 Day Low12
20 Day High12.07
20 Day Low11.97
52 Week High12.6
52 Week Low6.43
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.26M
Volume Incr34.12%
Vol(5)2.84M
Vol(50)2.70M