SIGMA LITHIUM CORP (SGML) Stock Technical Analysis
NASDAQ:SGML - Nasdaq - CA8265991023 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to SGML. SGML's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SGML is a bad performer in the overall market: 75% of all stocks are doing better.
SGML is part of the Metals & Mining industry. There are 150 other stocks in this industry, of which 65% are performing better than SGML.
SGML is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SGML has a been trading in the 10.07 - 11.87 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, SGML does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.64. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SGML in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.35
12.98
We found 3 important support areas.
- A support zone ranging from 10.97 to 11.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.74 from a horizontal line in the weekly time frame.
- Support @10.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.64 to 11.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.85 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.27
Mansfield-1.54
10 Day High11.87
10 Day Low10.74
20 Day High11.87
20 Day Low10.07
52 Week High19.2
52 Week Low8.47
Performance
1 Week2.65%
2 Weeks3.93%
1 Month5.34%
3 Month-16.63%
6 Month7.88%
12 Month1.31%
2 Year-67.66%
3 Year5.15%
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)0.11
RSI(14)54.67
LBB10.54
UBB11.83
11.63
-0.1 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.85%
1 Week2.65%
2 Weeks3.93%
1 Month5.34%
3 Month-16.63%
6 Month7.88%
12 Month1.31%
2 Year-67.66%
3 Year5.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%4.67%
ATR Inc-11.45%
Range Today0.42
ADR(20)0.52
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.27
Mansfield-1.54
10 Day High11.87
10 Day Low10.74
20 Day High11.87
20 Day Low10.07
52 Week High19.2
52 Week Low8.47
CS1 End11.09
CR1 Start11.64
Volume & EV
DER(3)4.63%
DER(5)4.95%
Volume407.30K
Volume Incr-14.55%
Vol(5)406.26K
Vol(50)539.19K