SIFY TECHNOLOGIES-SPON ADR (SIFY) Stock Technical Analysis
NASDAQ:SIFY - US82655M2061 - ADR
11.71 USD
-0.51 (-4.17%)
11.59 USD
-0.12 (-1.02%)
We assign a technical rating of 10 out of 10 to SIFY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SIFY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SIFY is one of the better performing stocks in the market, outperforming 98% of all stocks.
SIFY is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 97% of 36 stocks in the same industry.
SIFY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SIFY has a been trading in the 7.40 - 12.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SIFY 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
4.23
11.83
We found 2 important support areas.
- A support zone ranging from 7.49 to 7.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.27 from a horizontal line in the daily time frame.
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 SIFY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIFY is up. |
| ChartMill Relative Strength | 98.98 | POSITIVE | SIFY has a high relative strength, it outperformed 98.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIFY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIFY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.07 | OVERBOUGHT | The high RSI value suggests SIFY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SIFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.44 | OVERBOUGHT | The high Stochastics value suggests SIFY may be overbought. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for SIFY suggests high volalility. |
| Average Directional Index/ADX (14) | 53.76 | POSITIVE | The high ADX value value for SIFY 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)
11.71
-0.51 (-4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-4.17%
1 Week14.41%
2 Weeks22.62%
1 Month37.76%
3 Month174.88%
6 Month144.98%
12 Month327.34%
2 Year6.65%
3 Year14.13%
5 Year91.34%
10 Year85.87%
15 Year-34.07%
Volatility
ATR(14)0.74
ATR(20)%6.12%
ATR Inc-2.66%
Range Today0.73
ADR(20)0.72
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.98
Mansfield13.17
10 Day High12.44
10 Day Low8.9
20 Day High12.44
20 Day Low7.4
52 Week High12.44
52 Week Low2.05
CS1 End7.55
CR1 StartN/A
Volume & EV
DER(3)1.55%
DER(5)3.53%
Volume168.30K
Volume Incr36.59%
Vol(5)226.24K
Vol(50)147.25K