SYLVAMO CORP (SLVM) Stock Technical Analysis
NYSE:SLVM - New York Stock Exchange, Inc. - US8713321029 - Common Stock - Currency: USD
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.
81% of all other stocks performed better in the past year than SLVM.
SLVM is part of the Paper & Forest Products industry. There are 9 other stocks in this industry, of which 75% are performing better than SLVM.
SLVM is currently trading near the lower end of its 52 week range, which is not a good sign. 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 51.60 - 61.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLVM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 57.39. Right above this resistance zone may be a good entry point.
More info and screens
52.10
64.83
When analyzing the support we notice one important area.
- A support zone ranging from 52.63 to 52.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 57.39 to 57.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @58.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 60.73 to 61.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @64.19 from a trend 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 | 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 | 19.11 | NEGATIVE | SLVM has a low relative strength, it was outperformed by 80.89% 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) | 41.55 | NEUTRAL | The RSI value for SLVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SLVM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.47 | NEUTRAL | The Stochastics value for SLVM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for SLVM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.29 | POSITIVE | The high ADX value value for SLVM 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)
55.65
-0.51 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-0.91%
1 Week-0.5%
2 Weeks-7.56%
1 Month-7.88%
3 Month-18.6%
6 Month-38.78%
12 Month-22.86%
2 Year41.17%
3 Year9.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%3.58%
ATR Inc-43.3%
Range Today0.84
ADR(20)1.75
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.11
Mansfield-2.68
10 Day High57.77
10 Day Low51.6
20 Day High61.31
20 Day Low51.6
52 Week High98.02
52 Week Low51.6
CS1 End52.63
CR1 Start57.39
Volume & EV
DER(3)-3.69%
DER(5)-3.26%
Volume297.50K
Volume Incr-14.45%
Vol(5)301.50K
Vol(50)416.53K