MFS Value Equity ETF SPDR (SYV) Technical Analysis
NYSEARCA:SYV
Current stock price
SYV Technical Rating and Analysis
Taking everything into account, SYV scores 8 out of 10 in our technical rating. Although SYV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: SYV has an average volume of 2863 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.
- SYV is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SYV is leading the market.
- In the last month SYV has a been trading in the 74.44 - 79.21 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, SYV turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Volume is considerably higher in the last couple of days.
SYV Weekly and Daily overview Charts
SYV Setup Rating and Analysis
Although SYV 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
SYV Support and Resistance Analysis
58.49
When analyzing the support we can see 7 important areas.
- A support zone ranging from 76.60 to 77.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.02 to 74.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.47 to 70.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.89 from a trend line in the weekly time frame.
- Support @62.73 from a trend line in the weekly time frame.
- Support @60.62 from a horizontal line in the daily time frame.
- Support @59.08 from a horizontal line in the daily time frame.
SYV 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 SYV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYV is up. |
| ChartMill Relative Strength | 62.1 | NEUTRAL | SYV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.51 | NEUTRAL | The RSI value for SYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SYV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.93 | OVERBOUGHT | The high Stochastics value suggests SYV may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for SYV suggests low volalility. |
SYV Chart- and CandleStick Pattern Analysis
SYV Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SYV (3/17/2021, 8:04:00 PM)
78.5226
-0.26 (-0.33%)
MFS Value Equity ETF SPDR / SYV TA FAQ
Can you provide the ChartMill technical rating for MFS Value Equity ETF SPDR?
ChartMill assigns a technical rating of 8 / 10 to SYV.
What is the trend direction for SYV stock?
The current trend direction for MFS Value Equity ETF SPDR (SYV) is Bullish.
What is the RSI signal for SYV stock?
MFS Value Equity ETF SPDR (SYV) has an RSI value of 65.5129. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MFS Value Equity ETF SPDR?
The short term momentum for MFS Value Equity ETF SPDR (SYV) is positive.
Can you provide the support and resistance levels for MFS Value Equity ETF SPDR?
MFS Value Equity ETF SPDR (SYV) has a support level at 77.77. Check the full technical report for our detailed analysis of SYV support and resistance levels.