SPDR PORT S&P 500 VALUE (SPYV) Stock Technical Analysis
NYSEARCA:SPYV - NYSE Arca - US78464A5083 - ETF - Currency: USD
Overall SPYV gets a technical rating of 6 out of 10. In the last year, SPYV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
SPYV has an average volume of 3547870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SPYV turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
SPYV 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 SPYV is lagging the market slightly.
In the last month SPYV has a been trading in a tight range between 49.68 and 51.82.
SPYV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.22, a Stop Loss order could be placed below this zone.
More info and screens
45.86
54.39
We found 3 important support areas.
- A support zone ranging from 50.48 to 51.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.22 from a trend line in the weekly time frame.
- Support @46.32 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 51.29 to 52.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @53.85 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SPYV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYV is up. |
| ChartMill Relative Strength | 53.84 | NEUTRAL | SPYV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPYV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPYV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPYV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.21 | NEUTRAL | The RSI value for SPYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPYV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.48 | OVERBOUGHT | The high Stochastics value suggests SPYV may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for SPYV suggests low volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for SPYV suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.83 | 50.47 | 1.36 (2.62%) | 25.00% |
| An entry @51.83. This is a Buy Stop order right above the 10 day high. | An exit @50.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.36 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
51.23
-0.52 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1%
1 Week-0.31%
2 Weeks1.09%
1 Month0.41%
3 Month1.23%
6 Month-3.56%
12 Month5.39%
2 Year18.59%
3 Year39.14%
5 Year76.78%
10 Year104.98%
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.01%
ATR Inc5.08%
Range Today0.52
ADR(20)0.46
ADR(20)%0.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.84
Mansfield-0.44
10 Day High51.82
10 Day Low50.29
20 Day High51.82
20 Day Low49.68
52 Week High55.42
52 Week Low44.39
CS1 End51.22
CR1 Start51.29
Volume & EV
DER(3)1.62%
DER(5)1.63%
Volume5.29M
Volume Incr24.16%
Vol(5)3.31M
Vol(50)3.55M