SQ shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement.
Currently, SQ is trading at $87.88.
We will find resistance from levels from above including the following:
89.22 from highs and lows over the past 14 periods
We will find support from levels from below including the following:
69.88 from sma 50
68.90 from highs and lows over the past 14 periods
63.21 from highs and lows over the past 30 periods
43.72 from highs and lows over the past 100 periods
38.80 from highs and lows
As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish.
We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level.
bull score: 11, bear score: 0, ranging score: 0
Currently, SQ is trading at $87.88.
We will find resistance from levels from above including the following:
89.22 from highs and lows over the past 14 periods
We will find support from levels from below including the following:
69.88 from sma 50
68.90 from highs and lows over the past 14 periods
63.21 from highs and lows over the past 30 periods
43.72 from highs and lows over the past 100 periods
38.80 from highs and lows
As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish.
We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level.
bull score: 11, bear score: 0, ranging score: 0
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