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.
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.
45.86
We found 3 important support areas.
When analyzing the resistance we notice 2 important areas.
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. |
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%. |
51.23
-0.52 (-1%)