SOFI SELECT 500 ETF (SFY) Stock Technical Analysis
NYSEARCA:SFY - NYSE Arca - US8863641739 - ETF - Currency: USD
Overall SFY gets a technical rating of 7 out of 10. In the last year, SFY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, SFY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 112.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 111.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
92.89
2 important support areas can be observed.
- A support zone ranging from 108.94 to 111.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 112.10 to 114.95. This zone is formed by a combination of multiple trend lines 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 SFY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFY is up. |
| ChartMill Relative Strength | 78.35 | POSITIVE | SFY has a high relative strength, it outperformed 78.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SFY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SFY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.72 | NEUTRAL | The RSI value for SFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SFY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.4 | OVERBOUGHT | The high Stochastics value suggests SFY may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for SFY suggests low volalility. |
| Average Directional Index/ADX (14) | 19.06 | NEGATIVE | The low ADX value for SFY suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 112.19 | 108.19 | 4.00 (3.57%) | 25.00% |
| An entry @112.19. This is a Buy Stop order right above the 10 day high. | An exit @108.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.00 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
NYSEARCA:SFY (6/2/2025, 6:40:00 PM)
111.97
+0.85 (+0.76%)