SIYATA MOBILE INC (SYTA) Stock Technical Analysis
NASDAQ:SYTA - Nasdaq - CA83013Q8891 - Common Stock - Currency: USD
Overall SYTA gets a technical rating of 7 out of 10. In the past year, SYTA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
SYTA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
In the last month SYTA has a been trading in the 1.79 - 5.18 range, which is quite wide. It is currently trading near the high of this range.
SYTA has an average volume of 11950900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that SYTA is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SYTA is part of the Communications Equipment industry. There are 50 other stocks in this industry, SYTA did better than 44% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SYTA has an excellent technical rating, it does not present a decent entry opportunity 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
2.17
6.98
We found 2 important support areas.
- Support @2.51 from a trend line in the weekly time frame.
- Support @2.19 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @4.40 from a horizontal line in the daily time frame.
- Resistance @5.71 from a trend line in the daily time frame.
- Resistance @6.91 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 | DOWN | NEGATIVE | The long term trend for SYTA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYTA is up. |
| ChartMill Relative Strength | 83.69 | POSITIVE | SYTA has a high relative strength, it outperformed 83.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SYTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.12 | NEUTRAL | The RSI value for SYTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SYTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.78 | NEUTRAL | The Stochastics value for SYTA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.8 | HIGH VOLATILITY | The high ATR as a percentage value for SYTA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.67 | POSITIVE | The high ADX value value for SYTA 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)
4.3
-0.09 (-2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.05%
1 Week26.47%
2 Weeks111.82%
1 Month67.97%
3 Month151.46%
6 Month-42.05%
12 Month-96.86%
2 Year-99.92%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%12.8%
ATR Inc10.77%
Range Today0.32
ADR(20)0.54
ADR(20)%12.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.69
Mansfield-6.43
10 Day High5.18
10 Day Low2.01
20 Day High5.18
20 Day Low1.79
52 Week High162.9
52 Week Low0.93
CS1 End2.51
CR1 Start4.4
Volume & EV
DER(3)-6.5%
DER(5)-3.87%
Volume1.35M
Volume Incr63.18%
Vol(5)4.59M
Vol(50)11.95M