SYLVAMO CORP (SLVM) Technical Analysis
NYSE:SLVM • US8713321029
Current stock price
SLVM Technical Rating and Analysis
Taking everything into account, SLVM scores 0 out of 10 in our technical rating. SLVM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SLVM is a bad performer in the overall market: 90% of all stocks are doing better.
- SLVM is part of the Paper & Forest Products industry. There are 9 other stocks in this industry, of which 62% are performing better than SLVM.
- SLVM is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SLVM is lagging the market.
- In the last month SLVM has a been trading in the 37.09 - 48.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SLVM Weekly and Daily overview Charts
SLVM Setup Rating and Analysis
The technical rating of SLVM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SLVM Support and Resistance Analysis
36.74
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.64 to 48.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SLVM 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 | DOWN | NEGATIVE | The long term trend for SLVM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLVM is down. |
| ChartMill Relative Strength | 10.21 | NEGATIVE | SLVM has a low relative strength, it was outperformed by 89.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLVM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLVM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLVM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.6 | OVERSOLD | The low RSI value suggests SLVM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests SLVM has a negative trend. |
| Stochastics (14,3) | 1.6 | OVERSOLD | The low Stochastics value suggests SLVM may be oversold. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SLVM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.95 | POSITIVE | The high ADX value value for SLVM suggests a strong trend. |
SLVM Chart- and CandleStick Pattern Analysis
SLVM Technicals: Chart, Performance Metrics, Trend & Indicators
37.11
-1.66 (-4.28%)
SYLVAMO CORP / SLVM TA FAQ
Can you provide the ChartMill technical rating for SYLVAMO CORP?
ChartMill assigns a technical rating of 0 / 10 to SLVM.
What is the current trend direction of SYLVAMO CORP (SLVM) stock?
The current trend direction for SYLVAMO CORP (SLVM) is Bearish.
What is the RSI signal for SLVM stock?
SYLVAMO CORP (SLVM) has an RSI value of 21.5976. This indicates that the stock is currently oversold.
Can you provide the short term momentum for SYLVAMO CORP?
The short term momentum for SYLVAMO CORP (SLVM) is negative.
What are the support and resistance levels for SYLVAMO CORP (SLVM) stock?
SYLVAMO CORP (SLVM) has a resistance level at 47.64. Check the full technical report for our detailed analysis of SLVM support and resistance levels.