SIFY TECHNOLOGIES-SPON ADR (SIFY) Technical Analysis
NASDAQ:SIFY • US82655M2061
Current stock price
SIFY Technical Rating and Analysis
Taking everything into account, SIFY scores 4 out of 10 in our technical rating. Although SIFY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SIFY has a been trading in the 12.00 - 15.00 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that SIFY is one of the better performing stocks in the market, outperforming 95% of all stocks.
- SIFY is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 94% of 37 stocks in the same industry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- SIFY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SIFY is lagging the market.
SIFY Weekly and Daily overview Charts
SIFY Setup Rating and Analysis
Although the technical rating is only medium, SIFY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.89, a Stop Loss order could be placed below this zone.
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SIFY Support and Resistance Analysis
12.28
2 important support areas can be observed.
- A support zone ranging from 12.77 to 12.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.40 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.61 to 13.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.38 from a trend line in the weekly time frame.
- Resistance @16.03 from a trend line in the daily time frame.
SIFY 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 | NEUTRAL | NEUTRAL | The long term trend for SIFY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIFY is neutral. |
| ChartMill Relative Strength | 95.71 | POSITIVE | SIFY has a high relative strength, it outperformed 95.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SIFY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIFY is below a declining 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) | 42.24 | NEUTRAL | The RSI value for SIFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SIFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.75 | NEUTRAL | The Stochastics value for SIFY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for SIFY suggests high volalility. |
| Average Directional Index/ADX (14) | 15.04 | NEGATIVE | The low ADX value for SIFY suggests a weak or negative trend. |
SIFY Chart- and CandleStick Pattern Analysis
SIFY Technicals: Chart, Performance Metrics, Trend & Indicators
12.96
-0.81 (-5.88%)
SIFY TECHNOLOGIES-SPON ADR / SIFY TA FAQ
What is the technical rating for SIFY stock?
ChartMill assigns a technical rating of 4 / 10 to SIFY.
Can you provide the trend direction for SIFY TECHNOLOGIES-SPON ADR?
The current trend direction for SIFY TECHNOLOGIES-SPON ADR (SIFY) is Bearish.
What is the RSI signal for SIFY stock?
SIFY TECHNOLOGIES-SPON ADR (SIFY) has an RSI value of 42.2417. This indicates that the stock is currently neutral.
What is the MACD signal for SIFY stock?
The MACD indicator for SIFY TECHNOLOGIES-SPON ADR (SIFY) has a value of 0.0297714, indicating a bearish trend.
What is the support and resistance level for SIFY stock?
SIFY TECHNOLOGIES-SPON ADR (SIFY) has a support level at 12.89 and a resistance level at 13.61. Check the full technical report for our detailed analysis of SIFY support and resistance levels.