SILVER BAY RLTY TR CORP (SBY) Stock Technical Analysis
NYSE:SBY - New York Stock Exchange, Inc. - US82735Q1022
Overall SBY gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SBY is showing a nice and steady performance.
SBY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 21.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.49, a Stop Loss order could be placed below this zone.
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17.10
We found 4 important support areas.
- A support zone ranging from 21.43 to 21.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.00 from a trend line in the weekly time frame.
- Support @17.57 from a trend line in the weekly time frame.
- Support @17.27 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.50 to 21.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SBY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBY is up. |
| ChartMill Relative Strength | 89.83 | POSITIVE | SBY has a high relative strength, it outperformed 89.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SBY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.89 | NEUTRAL | The RSI value for SBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SBY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.03 | NEUTRAL | The Stochastics value for SBY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for SBY suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.56 | 21.41 | 0.15 (0.70%) | 25.00% |
| An entry @21.56. This is a Buy Stop order right above the 10 day high. | An exit @21.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 0.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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