We assign a technical rating of 9 out of 10 to SGML. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGML is showing a nice and steady performance.
SGML has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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5.48
We found 2 important support areas.
- A support zone ranging from 9.42 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.04 from a trend line in the weekly time frame.
- Resistance @11.32 from a horizontal line in the weekly time frame.
- Resistance @12.21 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 SGML is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGML is up. |
| ChartMill Relative Strength | 89.28 | POSITIVE | SGML has a high relative strength, it outperformed 89.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGML is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGML is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SGML is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.29 | NEUTRAL | The RSI value for SGML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SGML has a negative trend. |
| Stochastics (14,3) | 56.56 | NEUTRAL | The Stochastics value for SGML is a neutral value. |
| Average True Range in percent/ATR (20) | 14.26 | HIGH VOLATILITY | The high ATR as a percentage value for SGML suggests high volalility. |
| Average Directional Index/ADX (14) | 33.76 | POSITIVE | The high ADX value value for SGML suggests a strong trend. |
10.33
-0.6 (-5.49%)
SIGMA LITHIUM CORP / SGML FAQ
Can you provide the ChartMill technical rating for SIGMA LITHIUM CORP?
ChartMill assigns a technical rating of 9 / 10 to SGML.
What is the current trend direction of SIGMA LITHIUM CORP (SGML) stock?
The current trend direction for SIGMA LITHIUM CORP (SGML) is Bullish.
Can you provide the RSI signal for SIGMA LITHIUM CORP?
SIGMA LITHIUM CORP (SGML) has an RSI value of 55.2917. This indicates that the stock is currently neutral.
What is the buy/sell signal for SGML stock?
The buy/sell signal for SIGMA LITHIUM CORP (SGML) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SGML stock?
SIGMA LITHIUM CORP (SGML) has a support level at 9.42 and a resistance level at 11.04. Check the full technical report for our detailed analysis of SGML support and resistance levels.