SRG Should I Buy

SRG is not a good buy right now for an impatient investor. The technicals are still bearish (momentum weakening with a negatively expanding MACD histogram), there are no proprietary buy signals, fundamentals remain loss-making with deteriorating margins, and there’s no near-term news catalyst. While the stock is oversold and could bounce near support, the setup is not strong enough to justify an immediate entry.

Price/Trend: Momentum remains bearish. MACD histogram is negative (-0.0377) and expanding lower, which typically signals a continuing downswing rather than a confirmed bottom. RSI(6) at ~25.6 indicates oversold conditions, which can support a short-term bounce, but oversold alone is not a buy signal without reversal confirmation. Moving Averages: Converging MAs suggests indecision/transition, but with MACD deteriorating this leans bearish. Key Levels: Immediate support S1 ~3.243 (price ~3.30 is just above it); if this breaks, next support S2 ~3.069. Resistance/pivot sits higher at ~3.526, then R1 ~3.809. For a bullish shift, SRG would need to reclaim and hold above the pivot (~3.526) and start improving MACD/RSI trend.