SOLARWINDS CORP (SWI) Stock Technical Analysis
NYSE:SWI - New York Stock Exchange, Inc. - US83417Q2049 - Common Stock - Currency: USD
Taking everything into account, SWI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SWI is showing a nice and steady performance.
SWI has an excellent technical rating and 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 18.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.43, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.16 to 18.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.43 from a trend line in the weekly time frame.
- Support @15.12 from a trend line in the daily time frame.
- Support @14.58 from a trend line in the daily time frame.
- A support zone ranging from 12.88 to 13.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.50 to 18.50. This zone is formed by a combination of multiple trend lines 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 SWI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWI is up. |
| ChartMill Relative Strength | 96.52 | POSITIVE | SWI has a high relative strength, it outperformed 96.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.67 | NEUTRAL | The RSI value for SWI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SWI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.24 | OVERBOUGHT | The high Stochastics value suggests SWI may be overbought. |
| Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for SWI suggests low volalility. |
| Average Directional Index/ADX (14) | 35.27 | POSITIVE | The high ADX value value for SWI suggests a strong 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 |
|---|---|---|---|
| 18.51 | 18.01 | 0.50 (2.70%) | 25.00% |
| An entry @18.51. This is a Buy Stop order right above the resistance zone. | An exit @18.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 2.70%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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