Taking everything into account, SYPR scores 9 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, SYPR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SYPR is part of the Automobile Components industry. There are 42 other stocks in this industry. SYPR outperforms 78% of them.
- Looking at the yearly performance, SYPR did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- In the last month SYPR has a been trading in the 2.41 - 4.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SYPR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.15
2 important support areas can be observed.
- Support @2.32 from a trend line in the daily time frame.
- A support zone ranging from 2.17 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @3.43 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for SYPR is up. |
| ChartMill Relative Strength | 91.96 | POSITIVE | SYPR has a high relative strength, it outperformed 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SYPR is below the rising 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) | 50.01 | NEUTRAL | The RSI value for SYPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SYPR has a negative trend. |
| Stochastics (14,3) | 26.4 | NEUTRAL | The Stochastics value for SYPR is a neutral value. |
| Average True Range in percent/ATR (20) | 17.77 | HIGH VOLATILITY | The high ATR as a percentage value for SYPR suggests high volalility. |
| Average Directional Index/ADX (14) | 37.68 | POSITIVE | The high ADX value value for SYPR 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 |
|---|---|---|---|
| 3.44 | 2.91 | 0.53 (15.41%) | 6.49% |
| An entry @3.44. This is a Buy Stop order right above the resistance zone. | An exit @2.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.53 points, which is 15.41%. | When investing 6.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
3.06
-0.31 (-9.2%)
SYPRIS SOLUTIONS INC / SYPR FAQ
What is the ChartMill technical rating of SYPRIS SOLUTIONS INC (SYPR) stock?
ChartMill assigns a technical rating of 9 / 10 to SYPR.
What is the trend direction for SYPR stock?
The current trend direction for SYPRIS SOLUTIONS INC (SYPR) is Bullish.
What is the RSI signal for SYPR stock?
SYPRIS SOLUTIONS INC (SYPR) has an RSI value of 50.005. This indicates that the stock is currently neutral.
What is the short term momentum for SYPRIS SOLUTIONS INC (SYPR) stock?
The short term momentum for SYPRIS SOLUTIONS INC (SYPR) is positive.
What are the support and resistance levels for SYPRIS SOLUTIONS INC (SYPR) stock?
SYPRIS SOLUTIONS INC (SYPR) has a support level at 2.32 and a resistance level at 3.43. Check the full technical report for our detailed analysis of SYPR support and resistance levels.