SPDR S&P 600 Small Cap (SLY) Stock Technical Analysis
NYSEARCA:SLY - NYSE Arca - US78464A8137 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to SLY. SLY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SLY has a been trading in the 79.25 - 86.86 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, SLY turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
SLY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLY is lagging the market slightly.
SLY has an average technical rating and it also 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
78.74
96.13
We found 1 important support area.
- A support zone ranging from 79.54 to 83.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- Resistance @86.10 from a horizontal line in the daily time frame.
- Resistance @87.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 90.15 to 91.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 93.23 to 93.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @95.18 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SLY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLY is up. |
| ChartMill Relative Strength | 46.08 | NEUTRAL | SLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SLY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.69 | NEUTRAL | The RSI value for SLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests SLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.48 | OVERBOUGHT | The high Stochastics value suggests SLY may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for SLY suggests low volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for SLY suggests a possible start of a new 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)
NYSEARCA:SLY (6/9/2023, 8:14:50 PM)
85.46
-0.53 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.62%
1 Week1.4%
2 Weeks5.92%
1 Month6.88%
3 Month2.35%
6 Month1.12%
12 Month0.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%1.89%
ATR Inc-39.52%
Range Today1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.08
Mansfield-0.61
10 Day High86.86
10 Day Low79.71
20 Day High86.86
20 Day Low79.25
52 Week High93.98
52 Week Low75.12
CS1 End83.32
CR1 Start86.1
Volume & EV
DER(3)-0.23%
DER(5)-1.88%
Volume67.30K
Volume Incr-14.59%
Vol(5)88.02K
Vol(50)105.26K