SIGMATRON INTERNATIONAL INC. - Daily - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5.75 USD
My targets
6.41 USD (+8.83%)
7.05 USD (+19.69%)
My analysis
The bullish trend is currently very strong on SIGMATRON INTERNATIONAL INC.. As long as the price remains above the support at 5.75 USD, you could try to benefit from the boom. The first bullish objective is located at 6.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.05 USD as an objective. Crossing it would then enable buyers to target 7.84 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The SIGMATRON INTERNATIONAL INC. price is 5.89 USD. On the day, this instrument gained +8.27% and was between 4.95 USD and 6.38 USD. This implies that the price is at +18.99% from its lowest and at -7.68% from its highest.4.95
6.38
5.89
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SIGMATRON INTERNATIONAL INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this SIGMATRON INTERNATIONAL INC. chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.75 | 5.13 | 5.75 | 5.89 | 6.41 | 7.84 | 8.84 |
| Change (%) | -19.35% | -12.90% | -2.38% | - | +8.83% | +33.11% | +50.08% |
| Change | -1.14 | -0.76 | -0.14 | - | +0.52 | +1.95 | +2.95 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.37 | 3.70 | 4.57 | 5.90 | 6.77 | 8.10 | 8.97 |
| Camarilla | 4.84 | 5.04 | 5.24 | 5.44 | 5.64 | 5.84 | 6.05 |
| Woodie | 2.14 | 3.59 | 4.34 | 5.79 | 6.54 | 7.99 | 8.74 |
| Fibonacci | 3.70 | 4.54 | 5.06 | 5.90 | 6.74 | 7.26 | 8.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 3.71 | 4.27 | 5.38 | 5.94 | 7.05 | 7.61 |
| Camarilla | 4.37 | 4.52 | 4.68 | 4.83 | 4.98 | 5.14 | 5.29 |
| Woodie | 2.33 | 3.57 | 4.00 | 5.24 | 5.67 | 6.91 | 7.34 |
| Fibonacci | 3.71 | 4.35 | 4.74 | 5.38 | 6.02 | 6.41 | 7.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.79 | 4.21 | 4.64 | 5.06 | 5.49 | 5.91 | 6.34 |
| Camarilla | 4.83 | 4.90 | 4.98 | 5.06 | 5.14 | 5.22 | 5.29 |
| Woodie | 3.79 | 4.21 | 4.64 | 5.06 | 5.49 | 5.91 | 6.34 |
| Fibonacci | 4.21 | 4.54 | 4.74 | 5.06 | 5.39 | 5.59 | 5.91 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.10 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 35.57 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 5.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.79 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 4.83 | |
| Zig ZAG (10): | 5.84 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 31.03 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | -52.41 | |
| Chande Momentum Oscillator (20): | 1.01 | |
| Repulse (5,40,3): | 6.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 11.12 |
| MA7: | 5.18 | |
| MA20: | 5.08 | |
| MA50: | 4.95 | |
| MA100: | 5.19 | |
| MAexp7: | 5.29 | |
| MAexp20: | 5.11 | |
| MAexp50: | 5.06 | |
| MAexp100: | 5.04 | |
| Price / MA7: | +13.71% | |
| Price / MA20: | +15.94% | |
| Price / MA50: | +18.99% | |
| Price / MA100: | +13.49% | |
| Price / MAexp7: | +11.34% | |
| Price / MAexp20: | +15.26% | |
| Price / MAexp50: | +16.40% | |
| Price / MAexp100: | +16.87% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on SIGMATRON INTERNATIONAL INC.. At the time of publication of this analysis, the latest news was as follows:
SigmaTronThis member declared not having a position on this financial instrument or a related financial instrument.
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