SOLV Technical Analysis - SOLVAC SA-REG

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to SOLV. SOLV performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

77% of all other stocks performed better in the past year than SOLV.

Warning: SOLV has an average volume of 994 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

SOLV is part of the Chemicals industry. There are 66 other stocks in this industry, SOLV did better than 41% of them.

SOLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOLV is lagging the market.

In the last month SOLV has a been trading in a tight range between 90.00 and 95.00.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SOLV is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

85.54

106.05

When analyzing the support we can see 3 important areas.

Support @90.35 from a trend line in the daily time frame.
Support @88.00 from a horizontal line in the daily time frame.
A support zone ranging from 86.40 to 86.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 91.58 to 96.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @105.00 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 SOLV.BR is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SOLV.BR is neutral.
ChartMill Relative Strength	23.44	NEGATIVE	SOLV.BR has a low relative strength, it was outperformed by 76.56% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SOLV.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SOLV.BR is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SOLV.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.25	NEUTRAL	The RSI value for SOLV.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.5	NEGATIVE	The MACD value suggests SOLV.BR has a negative trend.
Stochastics (14,3)	17.78	OVERSOLD	The low Stochastics value suggests SOLV.BR may be oversold.
Average True Range in percent/ATR (20)	1.67	LOW VOLATILITY	The low ATR as a percentage value for SOLV.BR suggests low volalility.
Average Directional Index/ADX (14)	19.23	NEGATIVE	The low ADX value for SOLV.BR suggests a weak or negative trend.