0R15 7793.0 0.1028% 0R1E 7575.0 -1.8782% 0M69 None None% 0R2V 174.0 1.6058% 0QYR 1387.5 0.7991% 0QYP 397.5 0.7605% 0LCV 137.1211 0.3815% 0RUK None None% 0RYA 1752.0 0.0% 0RIH 165.6 0.3941% 0RIH 164.7 -0.5435% 0R1O 181.75 10110.6742% 0R1O None None% 0QFP None None% 0M2Z 298.95 0.302% 0VSO None None% 0R1I None None% 0QZI 434.5 -0.344% 0QZ0 220.0 0.0% 0NZF None None%

blue-chip

Technical Analysis on One LSE-Listed Technology Stock – SGE

Apr 22, 2024 | Team Kalkine
Technical Analysis on One LSE-Listed Technology Stock – SGE

SGE:LSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (GBX)

Company Overview: Sage Group PLC (LSE: SGE) is a FTSE 100-listed United Kingdom-based cloud business management solution company providing services to North America, the UK & Ireland and Europe (Central Europe, France, and Iberia). The Company is engaged in the development, distribution, and support of business management software and related products and services for small and medium-sized businesses. Its products include Sage Intacct, Sage Accounting, Sage X3, Sage People, Sage HR and others. The Sage Intacct provides cloud-native solutions for organizations across accounting, planning, analytics and payroll. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

SGE’s Technical Observation

SGE’s prices have undergone a correction in recent times and are now trading near a lower trendline support level. There is the anticipation of a reversal in the Closing Price of GBX 1140.50, supported by a strong volume buildup and stochastic data indicating an oversold market. The leading indicator RSI (14-period) is at 26.17, suggesting a reversal in the price trend. However, the stock price is currently trading below the trending indicators, the 21-period SMA and the 50-period SMA, which could potentially act as resistance in the near term. The important support levels for the stock are situated at GBX 1012.00 and GBX 959.00, while key resistance is positioned at GBX 1256.00 and GBX 1338.00 levels.

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