Sigma Solve Ltd
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I'm going to help you getting a better view of Sigma Solve Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.
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Technical Analysis of Sigma Solve Ltd
The psychology behind the price
Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.
General trend
First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Sigma Solve Ltd. The general trend of Sigma Solve Ltd is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Sigma Solve Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.
Indicator phases
Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:
Indicator zone transitions | Bullish trend (-100.0%) | Bearish trend (100.0%) | |
---|---|---|---|
Overbought to neutral | Bullish pullback | = | Bearish reversal |
Upper to lower neutral | Bullish correction | = | Bearish continuation |
Nuetral to oversold | Oversold | = | Oversold |
Oversold to neutral | Bullish reversal | = | Bearish correction |
Lower to upper neutral | Bullish continuation | = | Bearish pullback |
Nuetral to overbought | Overbought | = | Overbought |
1. Price Targets
1.1 Support & Resistance
Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.
Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.
Score
Let's take a look at the Support & Resistance of Sigma Solve Ltd.
The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).
- Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1
The bullish price targets are: 368.00 < 385.00 < 385.00.
The bearish price targets are: 312.00.
Tweet this2. Trend Indicators
2.1 Moving Averages
- Moving averages are lagging trend indicators.
- There are many types of moving averages.
- Moving averages are also used within other indicators.
Score
Let's take a look at the Moving Averages of Sigma Solve Ltd. The current mas is .
The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).
- MA 20 trending down: The MA 20 is trending down. -1
- Close < MA 20: The price is below the MA 20. -1
- MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
- MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
- MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
- MA 50 trending down: The MA 50 is trending down. -1
- Close < MA 50: The price is below the MA 50. -1
- MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
- MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
- MA 100 trending down: The MA 100 is trending down. -1
- Close < MA 100: The price is below the MA 100. -1
- MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
- MA 200 trending down: The MA 200 is trending down. -1
- Close < MA 200: The price is below the MA 200. -1
Directionalities and relatives.
Moving Average | Amount of candles | Trend | Price +/- | vs. MA 50 | vs. MA 100 | vs. MA 200 |
---|---|---|---|---|---|---|
MA 20 | 20 | |||||
MA 50 | 50 | - | ||||
MA 100 | 100 | - | - | |||
MA 200 | 200 | - | - | - |
Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I
2.2 Moving Average Convergence/Divergence (MACD)
- MACD is a lagging momentum indicator.
- Uses two moving averages.
- Can show buy or sell signals based on momentum.
- Can show overbought. and oversold. levels.
Score
Let's take a look at the Moving Average Convergence/Divergence (MACD) of Sigma Solve Ltd. The current macd is -11.34154662.
The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).
- MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Sigma Solve Ltd price going down in the near term. -2
- MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Sigma Solve Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Sigma Solve Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
- Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
2.3 Directional Movement Index (DMI)
The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.
Score
Let's take a look at the Directional Movement Index (DMI) of Sigma Solve Ltd. The current adx is 22.11.
The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).
- PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Sigma Solve Ltd shares, leading to potential downward momentum in its price. -1
- PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
2.4 Parabolic SAR
- Parabolic SAR (stop and reverse) is a lagging trend indicator.
- Shows the current trend.
- Shows potential entry signals.
- Shows  potential exit signals.
- Can be used to place trailing stoplosses..
Score
Let's take a look at the Parabolic SAR of Sigma Solve Ltd. The current sar is 366.85.
The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).
- Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
3. Momentum Indicators
3.1 Relative Strength Index (RSI)
- Leading momentum indicator, meaning the signals are instant.
- Ranges between 0 and 100.
- Above 70 is considered overbought.
- Below 30 is considered oversold.
- Above or below 50 can also be used to determine price trend or support and resistance.
- RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
- Can be used in many different ways
Score
Let's take a look at the Relative Strength Index (RSI) of Sigma Solve Ltd. The current rsi is 27.94. The current phase is Oversold in bear market.
The long score for the Relative Strength Index (RSI) is 2/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).
- Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
- Trending up: The RSI is trending up. +1
3.2 Stochastic Oscillator
- Leading momentum indicator, meaning the signals are instant.
- Used to determine overbought and oversold areas much like the RSI.
- Ranges between 0 and 100.
- Above 80 is considered overbought.
- Below 20 is considered oversold.
- Consists of two lines named K and D.
- K compares the highest high and lowest low on the selected price range.
- The D line is a moving average of the K line.
- Can be used to spot divergences
Score
Let's take a look at the Stochastic Oscillator of Sigma Solve Ltd. The current phase is Oversold in bear market.
The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).
- STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
- STOCH < 20: The STOCH %K is below 20 and oversold. -2
- STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Sigma Solve Ltd price going up in the near term. +2
- Trending up: The STOCH %K is trending up. +1
3.3 Commodity Channel Index (CCI)
- Lagging or leading Momentum indicator
- When the CCI is above zero, the price is above the historical average
- When the CCI is below zero, the price is below the historical average
- Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend
Score
Let's take a look at the Commodity Channel Index (CCI) of Sigma Solve Ltd. The current cci is -164.97156404.
The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).
- CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
3.4 Chande Momentum Oscillator (CMO)
- Lagging momentum indicator
- Ranges between +100 and -100
- Considered overbought above +50
- Considered oversold below -50
- It's possible to add a moving average that acts as a signal line
Score
Let's take a look at the Chande Momentum Oscillator (CMO) of Sigma Solve Ltd. The current cmo is -53.26525058.
The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).
- CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
3.5 Williams %R
- Lagging momentum indicator
- Ranging between 0 and -100
- Above -20 is considered overbought
- Below -80 is considered oversold
- Is prone to give false signals
Score
Let's take a look at the Williams %R of Sigma Solve Ltd. The current willr is -92.20103986.
The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).
- WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
4. Volatility Indicators
4.1 Bollinger Bands
- Lagging volatility indicator
- Uses 3 bands: one upper, one lower and one in the middle
- Works best when the middle band reflects an intermediate trend (MA20).
- When the price is moving closer to the upper band, the market might be overbought
- When the price is moving closer to the lower band, the market might be oversoldÂ
Score
Let's take a look at the Bollinger Bands of Sigma Solve Ltd.
4.2 Average True Range (ATR)
- Leading volatility indicator
- Can be used to determine stop-loss positions
- Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
- The larger the range of the candles, the greater the ATR value
Score
Let's take a look at the Average True Range (ATR) of Sigma Solve Ltd. The current atr is 17.01.
5. Volume Indicators
5.1 On-Balance Volume (OBV)
- Leading momentum indicator
- Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
- Can be used to confirm price trends
- Can be used with divergences
Score
Let's take a look at the On-Balance Volume (OBV) of Sigma Solve Ltd. The current obv is -49,689.
5.2 Money Flow Index (MFI)
- Lagging momentum indicator
- Looks like RSI but uses volume as an extra metric (RSI only considers price)
- Above 80 is considered overbought
- Below 20 is considered oversold
- Can be used with divergences
Score
Let's take a look at the Money Flow Index (MFI) of Sigma Solve Ltd. The current mfi is 35.61.
The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).
- MFI < 50: -1
6. Summary
6.1. Notifications
Type | Notification | Date |
---|---|---|
RSI Oversold | Oversold RSI (Relative Strength Index) | 2024-11-19 |
6.2. Trading Signals
Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.
Date | Indicator | Signal | ||
---|---|---|---|---|
2024-07-01 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside | |
2024-07-03 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-07-04 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
BB | SHORT ENTRY | LONG CLOSE | Price closed above the lower band. | |
2024-07-08 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-07-11 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
2024-07-12 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-07-16 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-07-18 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-07-19 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-07-22 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-07-23 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside | |
2024-07-24 | WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside |
2024-07-26 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-07-29 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
2024-07-31 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
2024-08-01 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-08-05 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
2024-08-12 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
2024-08-13 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-08-14 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). | |
2024-08-16 | MFI | SHORT ENTRY | LONG CLOSE | 20 crossover to downside |
2024-08-19 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
MFI | LONG ENTRY | SHORT CLOSE | 20 crossover to upside | |
2024-08-20 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
RSI | LONG ENTRY | SHORT CLOSE | 30 crossover to upside | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-08-21 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. | |
2024-08-22 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-08-23 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-08-26 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-08-27 | CCI | LONG ENTRY | SHORT CLOSE | 100 crossover to upside |
2024-08-29 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-09-04 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
2024-09-05 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
2024-09-06 | DMI | LONG ENTRY | SHORT CLOSE | The +DI crossed the -DI to the upside. The trend is reversing to an up trend. |
2024-09-09 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-09-12 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-09-16 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-09-17 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-09-18 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-09-19 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
2024-09-23 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-09-24 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-09-25 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-09-26 | CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside |
2024-09-30 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-10-01 | CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside |
2024-10-03 | DMI | SHORT ENTRY | LONG CLOSE | The +DI crossed the -DI to the downside. The trend is reversing to a down trend. |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
2024-10-07 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). | |
2024-10-08 | RSI | LONG ENTRY | SHORT CLOSE | 30 crossover to upside |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
ATR | LONG ENTRY | SHORT CLOSE | Price closed above (close + ATR). | |
2024-10-10 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
2024-10-14 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
2024-10-15 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-10-16 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
CMO | LONG ENTRY | SHORT CLOSE | Zero line crossover to upside | |
2024-10-18 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
CMO | SHORT ENTRY | LONG CLOSE | Zero line crossover to downside | |
2024-10-22 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside | |
CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
2024-10-23 | WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside |
2024-10-24 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-10-28 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
2024-10-30 | RSI | LONG ENTRY | SHORT CLOSE | 30 crossover to upside |
STOCH | SHORT EXIT | The %K line crosses above the %D line. | ||
2024-11-04 | SAR | LONG ENTRY | SHORT CLOSE | The price broke the SAR to the upside. |
STOCH | LONG EXIT | The %K line crosses below the %D line. | ||
2024-11-05 | STOCH | SHORT EXIT | The %K line crosses above the %D line. | |
2024-11-06 | MACD | LONG ENTRY | SHORT CLOSE | The MACD line crosses above the signal line. |
2024-11-12 | STOCH | LONG EXIT | The %K line crosses below the %D line. | |
2024-11-14 | MACD | SHORT ENTRY | LONG CLOSE | The MACD line crosses below the signal line. |
CCI | SHORT ENTRY | LONG CLOSE | -100 crossover to downside | |
WILLR | SHORT ENTRY | LONG CLOSE | -80 crossover to downside | |
2024-11-18 | SAR | SHORT ENTRY | LONG CLOSE | The price broke the SAR to the downside |
BB | LONG ENTRY | SHORT CLOSE | Price closed below the lower band. | |
ATR | SHORT ENTRY | LONG CLOSE | Price closed below (close - ATR). | |
2024-11-19 | STOCH | SHORT EXIT | The %K line crosses above the %D line. |
6.3. Candlestick Patterns
Date | Candlestick Pattern |
---|
6.4. Technical Score
Let's check the technical score of Sigma Solve Ltd based on Penke's default Symbol scanner.
Penke's Symbol Scanner
Indicator | Condition | Value | ||
---|---|---|---|---|
Rsi | Greater than | 50 | 27.944 | |
Ma 20 | Greater than | Ma 50 | 343.733 | |
Ma 50 | Greater than | Ma 100 | 364.954 | |
Ma 100 | Greater than | Ma 200 | 383.165 | |
Open | Greater than | Close | 340.000 | |
Total | 1/5 (20.0%) |
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