Summary
- 100% technical buy signals.
- 5 new highs and up 18.64% in the last month.
- Price targets from 27 to 45.
The Chart of the Day belongs to the crude oil shipping company Sigma Lithium ( SGML ). I found the stock by sorting Barchart's Top Stocks to Buy list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/29 the stock gained 57.65%.
SGML vs Daily Moving Averages
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. The company was formerly known as Sigma Lithium Resources Corporation and changed its name to Sigma Lithium Corporation in July 2021. Sigma Lithium Corporation is headquartered in São Paulo, Brazil.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals but increasing
- 240.77+ Weighted Alpha
- 247.63% gain in the last year
- Trend Spotter buy signal
- Above its 20-, 50- and 100-day moving averages
- 5 new highs and up 18.64% in the last month
- Relative Strength Index 70.61%
- Technical support level at 25.91
- Recently traded at $27.81 with 50 day moving average of $19.40
Fundamental factors:
- Market Cap $2.51 billion
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
For further details see:
Sigma Lithium: Fully Charged