We assign a technical rating of 7 out of 10 to SIFY. In the last year, SIFY was one of the better performers, but we do observe some doubts in the very recent evolution.
SIFY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SIFY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.99 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.36 to 10.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.02 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.37 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.89 to 12.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 SIFY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIFY is neutral. |
| ChartMill Relative Strength | 98.42 | POSITIVE | SIFY has a high relative strength, it outperformed 98.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIFY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIFY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.39 | NEUTRAL | The RSI value for SIFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SIFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.93 | NEUTRAL | The Stochastics value for SIFY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for SIFY suggests high volalility. |
| Average Directional Index/ADX (14) | 12.84 | NEGATIVE | The low ADX value for SIFY suggests a weak or negative 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 |
|---|---|---|---|
| 11.48 | 10.98 | 0.50 (4.36%) | 22.96% |
| An entry @11.48. This is a Buy Stop order right above the resistance zone. | An exit @10.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 4.36%. | For a 1.00% total portfolio risk, you can invest 22.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SIFY. 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.
11.36
-0.2 (-1.73%)
SIFY TECHNOLOGIES-SPON ADR / SIFY FAQ
What is the technical rating for SIFY stock?
ChartMill assigns a technical rating of 7 / 10 to SIFY.
What is the trend direction for SIFY stock?
The current trend direction for SIFY TECHNOLOGIES-SPON ADR (SIFY) is Bullish.
Can you provide the RSI signal for SIFY TECHNOLOGIES-SPON ADR?
SIFY TECHNOLOGIES-SPON ADR (SIFY) has an RSI value of 49.3861. This indicates that the stock is currently neutral.
What is the short term momentum for SIFY stock?
The short term momentum for SIFY TECHNOLOGIES-SPON ADR (SIFY) is neutral.
What are the support and resistance levels for SIFY TECHNOLOGIES-SPON ADR (SIFY) stock?
SIFY TECHNOLOGIES-SPON ADR (SIFY) has a support level at 11.3 and a resistance level at 11.37. Check the full technical report for our detailed analysis of SIFY support and resistance levels.