SILVER BAY RLTY TR CORP (SBY) Technical Analysis
NYSE:SBY • US82735Q1022
Current stock price
SBY Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SBY. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SBY is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, SBY also shows a nice and consistent pattern of rising prices.
- SBY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SBY is leading the market.
- SBY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- In the last month SBY has a been trading in a tight range between 21.42 and 21.63.
SBY Weekly and Daily overview Charts
SBY Setup Rating and Analysis
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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SBY Support and Resistance Analysis
17.10
When analyzing the support we can see 4 important 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.
When analyzing the resistance we notice one important 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.
SBY Technical Indicator Signal Analysis
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. |
SBY Chart- and CandleStick Pattern Analysis
SBY Example Setup
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%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
SBY Technicals: Chart, Performance Metrics, Trend & Indicators
21.49
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SILVER BAY RLTY TR CORP / SBY TA FAQ
What is the technical rating for SBY stock?
ChartMill assigns a technical rating of 10 / 10 to SBY.
What is the trend direction for SBY stock?
The current trend direction for SILVER BAY RLTY TR CORP (SBY) is Bullish.
What is the RSI signal for SBY stock?
SILVER BAY RLTY TR CORP (SBY) has an RSI value of 57.8878. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SILVER BAY RLTY TR CORP?
The buy/sell signal for SILVER BAY RLTY TR CORP (SBY) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SBY stock?
SILVER BAY RLTY TR CORP (SBY) has a support level at 21.49 and a resistance level at 21.5. Check the full technical report for our detailed analysis of SBY support and resistance levels.