Uncovering Noteworthy Technical Analysis Findings for SURGERY PARTNERS INC (NASDAQ:SGRY).

Our stock screener has flagged SURGERY PARTNERS INC (NASDAQ:SGRY) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:SGRY for potential movement.

In-Depth Technical Analysis of NASDAQ:SGRY

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall SGRY gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SGRY has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• SGRY is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 77% of 115 stocks in the same industry.
• Looking at the yearly performance, SGRY did better than 81% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
• SGRY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGRY is lagging the market.
• In the last month SGRY has a been trading in the 29.24 - 33.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of SGRY for a complete technical analysis.

How does the Setup look for NASDAQ:SGRY

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:SGRY currently has a 10 as setup rating:

SGRY has an excellent technical rating and 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. There is a support zone below the current price at 31.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SGRY in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.