We assign a technical rating of 5 out of 10 to SYG. In the last year, SYG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
SYG has an average technical rating and the quality of the presented setup is also 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.
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101.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 115.95 to 119.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.84 to 113.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @107.46 from a trend line in the daily time frame.
- A support zone ranging from 102.58 to 102.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 124.92 to 124.92. 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 SYG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYG is neutral. |
| ChartMill Relative Strength | 56.07 | NEUTRAL | SYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SYG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.04 | NEUTRAL | The RSI value for SYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SYG has a positive trend. |
| Stochastics (14,3) | 84.97 | OVERBOUGHT | The high Stochastics value suggests SYG may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for SYG suggests low volalility. |
NYSEARCA:SYG (3/17/2021, 8:04:00 PM)
119.259
+0.05 (+0.05%)
MFS Growth Equity ETF SPDR / SYG FAQ
What is the ChartMill technical rating of MFS Growth Equity ETF SPDR (SYG) stock?
ChartMill assigns a technical rating of 5 / 10 to SYG.
What is the trend direction for SYG stock?
The current trend direction for MFS Growth Equity ETF SPDR (SYG) is Bullish.
What is the RSI signal for SYG stock?
MFS Growth Equity ETF SPDR (SYG) has an RSI value of 52.0355. This indicates that the stock is currently neutral.
What is the MACD signal for SYG stock?
The MACD indicator for MFS Growth Equity ETF SPDR (SYG) has a value of 0.244525, indicating a bearish trend.
What is the short term momentum for MFS Growth Equity ETF SPDR (SYG) stock?
The short term momentum for MFS Growth Equity ETF SPDR (SYG) is neutral.