SOVEREIGN'S CAPITAL FLOURISH (SOVF) Stock Technical Analysis
NYSEARCA:SOVF - NYSE Arca - US2103222020 - ETF - Currency: USD
Taking everything into account, SOVF scores 4 out of 10 in our technical rating. SOVF 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.
SOVF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOVF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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26.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.15 to 29.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.07 to 27.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.44 to 30.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @31.30 from a trend line in the weekly time frame.
- A resistance zone ranging from 33.22 to 33.52. 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 | NEUTRAL | NEUTRAL | The long term trend for SOVF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOVF is neutral. |
| ChartMill Relative Strength | 49.04 | NEUTRAL | SOVF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOVF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOVF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SOVF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.12 | NEUTRAL | The RSI value for SOVF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SOVF has a positive trend. |
| Stochastics (14,3) | 60 | NEUTRAL | The Stochastics value for SOVF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for SOVF suggests low volalility. |
| Average Directional Index/ADX (14) | 10.22 | NEGATIVE | The low ADX value for SOVF suggests a weak or negative trend. |
NYSEARCA:SOVF (6/27/2025, 8:04:00 PM)
30
+0.07 (+0.23%)