MFS Core Equity ETF SPDR (SYE) Technical Analysis
NYSEARCA:SYE
Current stock price
SYE Technical Rating and Analysis
Taking everything into account, SYE scores 8 out of 10 in our technical rating. Although SYE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: SYE has an average volume of 3303 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- SYE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, SYE turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- In the last month SYE has a been trading in a tight range between 98.82 and 104.63.
- Volume is considerably higher in the last couple of days.
SYE Weekly and Daily overview Charts
SYE Setup Rating and Analysis
Although SYE has an excellent technical rating, the quality of the presented setup is not ideal 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
SYE Support and Resistance Analysis
88.05
We found 3 important support areas.
- A support zone ranging from 98.36 to 102.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.75 from a horizontal line in the daily time frame.
- Support @88.94 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 104.27 to 104.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
SYE 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 SYE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYE is up. |
| ChartMill Relative Strength | 57.86 | NEUTRAL | SYE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.87 | NEUTRAL | The RSI value for SYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests SYE has a positive trend. |
| Stochastics (14,3) | 95.69 | OVERBOUGHT | The high Stochastics value suggests SYE may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for SYE suggests low volalility. |
SYE Chart- and CandleStick Pattern Analysis
SYE Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SYE (3/17/2021, 8:04:00 PM)
104.257
+0.01 (+0.01%)
MFS Core Equity ETF SPDR / SYE TA FAQ
What is the technical rating for SYE stock?
ChartMill assigns a technical rating of 8 / 10 to SYE.
What is the trend direction for SYE stock?
The current trend direction for MFS Core Equity ETF SPDR (SYE) is Bullish.
Can you provide the RSI signal for MFS Core Equity ETF SPDR?
MFS Core Equity ETF SPDR (SYE) has an RSI value of 60.8696. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MFS Core Equity ETF SPDR?
The MACD indicator for MFS Core Equity ETF SPDR (SYE) has a value of 0.254391, indicating a bearish trend.
What are the support and resistance levels for MFS Core Equity ETF SPDR (SYE) stock?
MFS Core Equity ETF SPDR (SYE) has a support level at 102.53 and a resistance level at 104.27. Check the full technical report for our detailed analysis of SYE support and resistance levels.