SYLVAMO CORP (SLVM) Stock Technical Analysis
NYSE:SLVM - New York Stock Exchange, Inc. - US8713321029 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SLVM. 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: 88% of all stocks are doing better.
SLVM is one of the lesser performing stocks in the Paper & Forest Products industry. 62% of 9 stocks in the same industry do better.
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 50.37 - 57.65 range, which is quite wide. It is currently trading near the lows of this range.
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
50.21
61.34
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 52.69 to 52.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 53.83 to 54.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.99 to 58.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.73 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 | 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 | 12.33 | NEGATIVE | SLVM has a low relative strength, it was outperformed by 87.67% 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) | 31.96 | NEUTRAL | The RSI value for SLVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SLVM has a negative trend. |
| Stochastics (14,3) | 19.94 | OVERSOLD | The low Stochastics value suggests SLVM may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SLVM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.9 | 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)
50.72
-1.99 (-3.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-3.78%
1 Week-5.76%
2 Weeks-4.25%
1 Month-9.32%
3 Month-22.47%
6 Month-42.21%
12 Month-26.77%
2 Year25.39%
3 Year55.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%2.64%
ATR Inc20.19%
Range Today1.81
ADR(20)1.2
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.33
Mansfield-3.35
10 Day High54.31
10 Day Low50.37
20 Day High57.65
20 Day Low50.37
52 Week High98.02
52 Week Low50.37
CS1 EndN/A
CR1 Start52.69
Volume & EV
DER(3)-0.4%
DER(5)1.27%
Volume259.50K
Volume Incr-38.51%
Vol(5)207.44K
Vol(50)311.31K