SURGEPAYS INC (SURG) Stock Technical Analysis
NASDAQ:SURG - Nasdaq - US86882L2043 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SURG. 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.
In the last month SURG has a been trading in the 2.55 - 3.25 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SURG is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 95% of 21 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, SURG did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SURG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SURG is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
SURG has an average technical rating and it also 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.
More info and screens
2.50
3.36
We found 1 important support area.
- A support zone ranging from 2.53 to 2.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.76 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.19 from a trend line in the weekly time frame.
- Resistance @3.33 from a horizontal line in the daily time frame.
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 SURG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SURG is down. |
| ChartMill Relative Strength | 93.46 | POSITIVE | SURG has a high relative strength, it outperformed 93.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SURG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SURG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SURG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.89 | NEUTRAL | The RSI value for SURG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SURG has a negative trend. |
| Stochastics (14,3) | 3.24 | OVERSOLD | The low Stochastics value suggests SURG may be oversold. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for SURG suggests high volalility. |
| Average Directional Index/ADX (14) | 34.97 | POSITIVE | The high ADX value value for SURG suggests a strong trend. |
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)
2.58
-0.12 (-4.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-4.44%
1 Week-8.19%
2 Weeks-6.18%
1 Month-2.27%
3 Month118.64%
6 Month44.94%
12 Month-32.11%
2 Year-64.71%
3 Year-46.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.07%
ATR Inc-24.8%
Range Today0.1
ADR(20)0.18
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.46
Mansfield1.83
10 Day High3.01
10 Day Low2.58
20 Day High3.25
20 Day Low2.55
52 Week High3.8
52 Week Low1.05
CS1 End2.57
CR1 Start2.76
Volume & EV
DER(3)-1.59%
DER(5)-7.52%
Volume46.10K
Volume Incr-58.08%
Vol(5)92.56K
Vol(50)271.43K