SWVL Technical Analysis - SWVL HOLDINGS CORP

Technical Rating and Analysis

Overall SWVL gets a technical rating of 0 out of 10. SWVL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

87% of all other stocks performed better in the past year than SWVL.

SWVL is one of the lesser performing stocks in the Ground Transportation industry. 70% of 42 stocks in the same industry do better.

SWVL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: SWVL has an average volume of 12609 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month SWVL has a been trading in the 3.00 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SWVL HOLDINGS CORP / SWVL Weekly stock chart

SWVL HOLDINGS CORP / SWVL Daily stock chart

Setup Rating and Analysis

SWVL has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.86

4.77

We found 3 important support areas.

Support @3.27 from a trend line in the daily time frame.
A support zone ranging from 3.01 to 3.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.89 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 3.28 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.88 from a trend line in the weekly time frame.
Resistance @4.39 from a trend line in the daily time frame.
Resistance @4.72 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for SWVL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SWVL is down.
ChartMill Relative Strength	13.13	NEGATIVE	SWVL has a low relative strength, it was outperformed by 86.87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of SWVL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SWVL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SWVL is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.36	NEUTRAL	The RSI value for SWVL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests SWVL has a positive trend.
Stochastics (14,3)	53.3	NEUTRAL	The Stochastics value for SWVL is a neutral value.
Average True Range in percent/ATR (20)	6.18	HIGH VOLATILITY	The high ATR as a percentage value for SWVL suggests high volalility.
Average Directional Index/ADX (14)	18.29	NEGATIVE	The low ADX value for SWVL suggests a weak or negative trend.