SYPRIS SOLUTIONS INC (SYPR) Stock Technical Analysis
NASDAQ:SYPR - Nasdaq - US8716551069 - Common Stock - Currency: USD
Taking everything into account, SYPR scores 6 out of 10 in our technical rating. SYPR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month SYPR has a been trading in the 1.96 - 2.45 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SYPR is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SYPR is an average performer in the Automobile Components industry, it outperforms 65% of 80 stocks in the same industry.
SYPR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SYPR is lagging the market.
SYPR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.00, a Stop Loss order could be placed below this zone.
More info and screens
1.33
2.36
3 important support areas can be observed.
- A support zone ranging from 1.96 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.65 from a trend line in the daily time frame.
- Support @1.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.21 to 2.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.31 to 2.34. 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 SYPR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYPR is neutral. |
| ChartMill Relative Strength | 72.4 | POSITIVE | SYPR has a high relative strength, it outperformed 72.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYPR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYPR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYPR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.57 | NEUTRAL | The RSI value for SYPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SYPR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.22 | OVERSOLD | The low Stochastics value suggests SYPR may be oversold. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for SYPR suggests high volalility. |
| Average Directional Index/ADX (14) | 33.71 | POSITIVE | The high ADX value value for SYPR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 2.06 | 1.98 | 0.08 (3.95%) | 25.00% |
| An entry @2.06. This is a Buy Stop order right above the 10 day moving average. | An exit @1.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 3.95%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SYPR. Please evaluate whether better entry and exit points can be found.
- 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.
2.01
-0.02 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.18%
1 Week-0.99%
2 Weeks-4.29%
1 Month-2.9%
3 Month18.24%
6 Month-5.63%
12 Month11.05%
2 Year3.08%
3 Year0%
5 Year84.4%
10 Year54.62%
15 Year-43.06%
Volatility
ATR(14)0.13
ATR(20)%8%
ATR Inc8.01%
Range Today0.2
ADR(20)0.16
ADR(20)%7.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.4
Mansfield0.44
10 Day High2.22
10 Day Low1.99
20 Day High2.45
20 Day Low1.96
52 Week High3.72
52 Week Low1.3
CS1 End2
CR1 Start2.21
Volume & EV
DER(3)-12.62%
DER(5)-9.99%
Volume97.10K
Volume Incr-21.27%
Vol(5)35.28K
Vol(50)43.20K