SPDR PORT S&P 500 VALUE (SPYV) Stock Technical Analysis
NYSEARCA:SPYV - NYSE Arca - US78464A5083 - ETF - Currency: USD
Taking everything into account, SPYV scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SPYV is only an average performer.
Besides having an excellent technical rating, SPYV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 51.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
45.86
We found 3 important support areas.
- A support zone ranging from 50.56 to 51.71. 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 51.99 to 52.57. This zone is formed by a combination of multiple trend lines 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 | 52.73 | 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) | UP | POSITIVE | The current price of SPYV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPYV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.26 | NEUTRAL | The RSI value for SPYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SPYV has a positive trend. |
| Stochastics (14,3) | 93.29 | OVERBOUGHT | The high Stochastics value suggests SPYV may be overbought. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for SPYV suggests low volalility. |
| Average Directional Index/ADX (14) | 12.89 | 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 |
|---|---|---|---|
| 52.58 | 50.26 | 2.32 (4.41%) | 22.66% |
| An entry @52.58. This is a Buy Stop order right above the resistance zone. | An exit @50.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.32 points, which is 4.41%. | When investing 22.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
51.75
+0.31 (+0.6%)