SYLVAMO CORP (SLVM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SLVM - US8713321029 - Common Stock
Taking everything into account, SLVM scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SLVM was also a bad performer in the overall market in the last year.
SLVM has an average technical rating and also the quality of the setup is only medium 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
39.99
We found 3 important support areas.
- Support @47.19 from a trend line in the daily time frame.
- A support zone ranging from 44.52 to 44.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.39 to 40.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 47.38 to 48.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SLVM is up. |
| ChartMill Relative Strength | 14.06 | NEGATIVE | SLVM has a low relative strength, it was outperformed by 85.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLVM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLVM is above the rising 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) | 60.85 | NEUTRAL | The RSI value for SLVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SLVM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.05 | NEUTRAL | The Stochastics value for SLVM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for SLVM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.76 | NEUTRAL | The ADX value for SLVM suggests a possible start of a new trend. |
47.37
-0.49 (-1.02%)
SYLVAMO CORP / SLVM FAQ
Can you provide the ChartMill technical rating for SYLVAMO CORP?
ChartMill assigns a technical rating of 4 / 10 to SLVM.
What is the trend direction for 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 60.8498. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SYLVAMO CORP?
The MACD indicator for SYLVAMO CORP (SLVM) has a value of 0.326745, indicating a bearish trend.
What are the support and resistance levels for SYLVAMO CORP (SLVM) stock?
SYLVAMO CORP (SLVM) has a support level at 47.19 and a resistance level at 47.38. Check the full technical report for our detailed analysis of SLVM support and resistance levels.