SPRING VALLEY ACQUISITION-AW (SVIIW) Technical Analysis
NASDAQ:SVIIW
Current stock price
SVIIW Technical Rating and Analysis
Overall SVIIW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SVIIW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SVIIW is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, SVIIW also shows a nice and consistent pattern of rising prices.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SVIIW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SVIIW is lagging the market.
- In the last month SVIIW has a been trading in the 0.90 - 2.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SVIIW Weekly and Daily overview Charts
SVIIW Setup Rating and Analysis
Although SVIIW has an excellent technical rating, it does not offer a high 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.
More info and screens
SVIIW Support and Resistance Analysis
1.62
When analyzing the support we notice one important area.
- A support zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SVIIW 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 | UP | POSITIVE | The long term trend for SVIIW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVIIW is up. |
| ChartMill Relative Strength | 99.94 | POSITIVE | SVIIW has a high relative strength, it outperformed 99.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SVIIW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SVIIW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SVIIW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.87 | NEUTRAL | The RSI value for SVIIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SVIIW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.12 | NEUTRAL | The Stochastics value for SVIIW is a neutral value. |
| Average True Range in percent/ATR (20) | 23.23 | HIGH VOLATILITY | The high ATR as a percentage value for SVIIW suggests high volalility. |
| Average Directional Index/ADX (14) | 51.1 | POSITIVE | The high ADX value value for SVIIW suggests a strong trend. |
SVIIW Chart- and CandleStick Pattern Analysis
SVIIW Technicals: Chart, Performance Metrics, Trend & Indicators
1.66
-0.23 (-12.17%)
SPRING VALLEY ACQUISITION-AW / SVIIW TA FAQ
Can you provide the ChartMill technical rating for SPRING VALLEY ACQUISITION-AW?
ChartMill assigns a technical rating of 10 / 10 to SVIIW.
What is the trend direction for SVIIW stock?
The current trend direction for SPRING VALLEY ACQUISITION-AW (SVIIW) is Bullish.
What is the RSI signal for SPRING VALLEY ACQUISITION-AW (SVIIW) stock?
SPRING VALLEY ACQUISITION-AW (SVIIW) has an RSI value of 57.8733. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SPRING VALLEY ACQUISITION-AW?
The buy/sell signal for SPRING VALLEY ACQUISITION-AW (SVIIW) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SVIIW stock?
SPRING VALLEY ACQUISITION-AW (SVIIW) has a support level at 1.65. Check the full technical report for our detailed analysis of SVIIW support and resistance levels.