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Sigma Designs, Inc. (SIGM) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 20 Nov 20170%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.00 0.00 (0%) Nov 28 4:00pm EST
Open: 5.95 Range: 5.90 - 6.05 Vol: 140.27K Avg Vol: 181.18K
EPS: -0.95 P/E ratio: 0.00 EBITDA: -6.00M Mkt Cap: 233.02M
Analyze "SIGM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.00
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 5.95
Last Trade is below the 50 day moving average at 6.11
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 6.10
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SIGM

Stock Trend Analysis - Buy, Sell or Hold "Sigma Designs, Inc." (SIGM)?

SIGM is in a very strong downtrend. For the last 52 weeks, SIGM has maintained to stay firmly below the 200 day moving average for 81% of the time. Rallies will be sold into until the downtrend reverses. The 50 day moving average is however indicating a medium term trading range with a bullish upside inclination. The 20 day moving average is however showing some signs of weakness as SIGM has been trading below its 20 SMA for 57.5% of the time in the last 8 weeks. As SIGM is in a downtrend characterized by the 200 SMA, currently at 6.10, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although SIGM may get a short term oversold bounce. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SIGM".

The analyst consensus estimates for the 1 year price target for this stock is $7.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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