We assign a technical rating of 10 out of 10 to SVIIW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SVIIW is showing a nice and steady performance.
Although SVIIW has an excellent technical rating, it does not present a decent entry opportunity 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
1.62
We found 1 important support 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.
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. |
1.66
-0.23 (-12.17%)
SPRING VALLEY ACQUISITION-AW / SVIIW FAQ
Can you provide the ChartMill technical rating for SPRING VALLEY ACQUISITION-AW?
ChartMill assigns a technical rating of 10 / 10 to SVIIW.
Can you provide the trend direction for SPRING VALLEY ACQUISITION-AW?
The current trend direction for SPRING VALLEY ACQUISITION-AW (SVIIW) is Bullish.
What is the RSI signal for SVIIW stock?
SPRING VALLEY ACQUISITION-AW (SVIIW) has an RSI value of 57.8733. This indicates that the stock is currently neutral.
What is the MACD signal for SPRING VALLEY ACQUISITION-AW (SVIIW) stock?
The MACD indicator for SPRING VALLEY ACQUISITION-AW (SVIIW) has a value of 0.0411765, indicating a bearish trend.
What are the support and resistance levels for SPRING VALLEY ACQUISITION-AW (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.