SOFI SELECT 500 ETF (SFY) Stock Technical Analysis
USA - NYSEARCA:SFY - US8863641739 - ETF
128.735 USD
+0.59 (+0.46%)
127.1 USD
-1.64 (-1.27%)
We assign a technical rating of 10 out of 10 to SFY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SFY is showing a nice and steady performance.
Warning: SFY has an average volume of 21092 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SFY did better than 77% of all other stocks. On top of that, SFY also shows a nice and consistent pattern of rising prices.
SFY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SFY has a been trading in a tight range between 121.75 and 128.74.
Although SFY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
92.31
130.04
When analyzing the support we can see 6 important areas.
- A support zone ranging from 122.14 to 127.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.94 to 119.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @113.87 from a horizontal line in the daily time frame.
- Support @108.75 from a horizontal line in the daily time frame.
- Support @97.55 from a trend line in the weekly time frame.
- Support @93.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 128.75 to 128.75. 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 | 77.13 | POSITIVE | SFY has a high relative strength, it outperformed 77.13% 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) | 70.17 | OVERBOUGHT | The high RSI value suggests SFY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SFY has a positive trend. |
| Stochastics (14,3) | 92.84 | OVERBOUGHT | The high Stochastics value suggests SFY may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for SFY suggests low volalility. |
| Average Directional Index/ADX (14) | 28.47 | POSITIVE | The high ADX value value for SFY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
128.735
+0.59 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.46%
1 Week1.21%
2 Weeks3.67%
1 Month5.61%
3 Month13.77%
6 Month23.31%
12 Month25.23%
2 Year68.39%
3 Year102.26%
5 Year107.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%0.83%
ATR Inc-4.53%
Range Today0.55
ADR(20)0.88
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.13
Mansfield0.35
10 Day High128.74
10 Day Low124.57
20 Day High128.74
20 Day Low121.75
52 Week High128.74
52 Week Low86.94
CS1 End127.07
CR1 Start128.75
Volume & EV
DER(3)-7.48%
DER(5)-2.98%
Volume12.70K
Volume Incr-4.35%
Vol(5)19.48K
Vol(50)21.09K