Sachem Capital Corp. 8.00% Notes due 2027 (SCCG) Technical Analysis

The technical analysis indicators for Sachem Capital Corp. 8.00% Notes due 2027 (SCCG) suggest a mixed sentiment. Starting with the Relative Strength Index (RSI), it is currently indicating a neutral stance. RSI measures the speed and change of price movements, and a reading above 70 is considered overbought while a reading below 30 is considered oversold. As of the latest data, SCCG's RSI stands at 56.44. Moving on to the Average Directional Index (ADX), it is showing a weak trend. ADX is used to determine the strength of a trend, and a reading below 20 indicates a weak trend. SCCG's ADX currently stands at 16.22.

The Moving Average Convergence Divergence (MACD) for SCCG is also signaling mixed sentiments. MACD is a trend-following momentum indicator, and when the MACD line crosses above the signal line, it indicates a bullish signal, and vice versa. Currently, SCCG's MACD line is below the signal line, suggesting a bearish sentiment. Additionally, the Rate of Change (ROC) indicator is also showing a bearish signal. ROC measures the percentage change in price over a specified time period, and a negative reading indicates a downward momentum. SCCG's ROC stands at -1.97.