SURGEPAYS INC (SURG) Stock Technical Analysis
NASDAQ:SURG - Nasdaq - US86882L2043 - Common Stock - Currency: USD
Taking everything into account, SURG scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, SURG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
SURG is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 90% of 21 stocks in the same industry.
SURG has an average volume of 2083810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SURG is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
In the last month SURG has a been trading in the 2.50 - 3.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SURG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.59
3.40
We found 2 important support areas.
- Support @2.76 from a trend line in the daily time frame.
- Support @2.62 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.25 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.33 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SURG is up. |
| ChartMill Relative Strength | 95.7 | POSITIVE | SURG has a high relative strength, it outperformed 95.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SURG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SURG is above 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) | 56.08 | NEUTRAL | The RSI value for SURG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SURG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.77 | NEUTRAL | The Stochastics value for SURG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.76 | HIGH VOLATILITY | The high ATR as a percentage value for SURG suggests high volalility. |
| Average Directional Index/ADX (14) | 50.56 | 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)
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 |
|---|---|---|---|
| 3.26 | 2.75 | 0.51 (15.64%) | 6.39% |
| An entry @3.26. This is a Buy Stop order right above the resistance zone. | An exit @2.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 15.64%. | For a 1.00% total portfolio risk, you can invest 6.39% of your capital in this trade. |
- 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.
3.06
-0.1 (-3.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-3.16%
1 Week7.37%
2 Weeks9.29%
1 Month-8.11%
3 Month123.36%
6 Month74.86%
12 Month-22.14%
2 Year-55.39%
3 Year-33.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%9.76%
ATR Inc-51.03%
Range Today0.14
ADR(20)0.28
ADR(20)%9.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.7
Mansfield3.86
10 Day High3.42
10 Day Low2.5
20 Day High3.42
20 Day Low2.5
52 Week High4.38
52 Week Low1.05
CS1 End2.76
CR1 Start3.25
Volume & EV
DER(3)-0.48%
DER(5)-3.38%
Volume82.20K
Volume Incr-48.61%
Vol(5)181.08K
Vol(50)2.08M