Safeguard Scientifics Inc (SFE): Price Down $-0.15 (-2.06)% Over Past Day, Down $-0.15 (-2.06)% Over Past Hour

The Hourly View for SFE

Currently, SFE’s price is down $-0.15 (-2.06%) from the hour prior. SFE has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SFE’s Technical Outlook on the Daily Chart

At the time of this writing, SFE’s price is down $-0.15 (-2.06%) from the day prior. SFE has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows SFE’s price action over the past 90 days.

SFE

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