SUMO LOGIC INC (SUMO) Stock Technical Analysis
NASDAQ:SUMO - Nasdaq - US86646P1030 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SUMO. Both in the recent history as in the last year, SUMO 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!
SUMO is one of the better performing stocks in the Software industry, it outperforms 84% of 283 stocks in the same industry.
SUMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SUMO has an average volume of 2699870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SUMO did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SUMO has a been trading in a tight range between 11.97 and 12.06.
SUMO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.03, a Stop Loss order could be placed below this zone.
More info and screens
8.48
12.31
We found 4 important support areas.
- A support zone ranging from 11.86 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.50 to 11.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.77 from a trend line in the daily time frame.
- Support @8.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.09 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.26
Mansfield2.77
10 Day High12.07
10 Day Low12
20 Day High12.07
20 Day Low11.97
52 Week High12.6
52 Week Low6.43
Performance
1 Week0%
2 Weeks0.25%
1 Month0.25%
3 Month1.43%
6 Month51.07%
12 Month49.57%
2 YearN/A
3 YearN/A
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)-0.01
RSI(14)60.74
LBB11.99
UBB12.06
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 |
|---|---|---|---|
| 12.08 | 11.99 | 0.08 (0.70%) | 25.00% |
| An entry @12.07. This is a Buy Stop order right above the 10 day high. | An exit @11.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.70%. | For a 0.18% total portfolio risk, you can invest 25.00% 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.
12.04
-0.01 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.08%
1 Week0%
2 Weeks0.25%
1 Month0.25%
3 Month1.43%
6 Month51.07%
12 Month49.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.2%
ATR Inc-3.08%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.26
Mansfield2.77
10 Day High12.07
10 Day Low12
20 Day High12.07
20 Day Low11.97
52 Week High12.6
52 Week Low6.43
CS1 End12.03
CR1 Start12.09
Volume & EV
DER(3)0.43%
DER(5)-0.15%
Volume5.26M
Volume Incr34.12%
Vol(5)2.84M
Vol(50)2.70M