UBS AG ETRACS SL SH CO C ETN (SLVO) Stock Technical Analysis
NASDAQ:SLVO - Nasdaq - US22542D2255 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to SLVO. Although SLVO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SLVO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SLVO has a been trading in the 78.58 - 85.56 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, SLVO outperforms 66% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although SLVO has an excellent technical rating, it does not offer a high quality setup 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
72.33
86.77
We found 3 important support areas.
- Support @85.05 from a horizontal line in the weekly time frame.
- A support zone ranging from 80.30 to 81.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.06 to 77.67. 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 85.42 to 85.91. 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 | UP | POSITIVE | The long term trend for SLVO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLVO is up. |
| ChartMill Relative Strength | 66 | NEUTRAL | SLVO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.41 | OVERBOUGHT | The high RSI value suggests SLVO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SLVO has a positive trend. |
| Stochastics (14,3) | 93.17 | OVERBOUGHT | The high Stochastics value suggests SLVO may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for SLVO suggests low volalility. |
| Average Directional Index/ADX (14) | 28.19 | POSITIVE | The high ADX value value for SLVO 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)
85.405
+1.13 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.33%
1 Week1.55%
2 Weeks4.53%
1 Month6.86%
3 Month10.2%
6 Month11.06%
12 Month11.32%
2 Year9.31%
3 Year3.65%
5 Year-38.73%
10 Year-57.93%
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%1.23%
ATR Inc-16.99%
Range Today1.21
ADR(20)0.99
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66
Mansfield-0.04
10 Day High85.56
10 Day Low80.7
20 Day High85.56
20 Day Low78.58
52 Week High86.02
52 Week Low72.6
CS1 End85.05
CR1 Start85.42
Volume & EV
DER(3)2.3%
DER(5)0.62%
Volume32.30K
Volume Incr-17.21%
Vol(5)17.80K
Vol(50)32.79K