We assign a technical rating of 0 out of 10 to AMDY. AMDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, AMDY is a bad performer in the overall market: 88% of all stocks are doing better.
- AMDY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month AMDY has a been trading in the 30.26 - 41.68 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of AMDY is bad and it also does not present a quality setup 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
31.67
When analyzing the support we notice one important area.
- Support @31.99 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 37.43 to 37.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.76 to 39.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.95 to 40.16. 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 | DOWN | NEGATIVE | The long term trend for AMDY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMDY is down. |
| ChartMill Relative Strength | 12.41 | NEGATIVE | AMDY has a low relative strength, it was outperformed by 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMDY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMDY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.1 | NEUTRAL | The RSI value for AMDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests AMDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.83 | NEUTRAL | The Stochastics value for AMDY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for AMDY suggests high volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for AMDY suggests a possible start of a new trend. |
33.34
-0.3 (-0.89%)
YIELDMAX AMD OPTION IS ETF / AMDY FAQ
Can you provide the ChartMill technical rating for YIELDMAX AMD OPTION IS ETF?
ChartMill assigns a technical rating of 0 / 10 to AMDY.
Can you provide the trend direction for YIELDMAX AMD OPTION IS ETF?
The current trend direction for YIELDMAX AMD OPTION IS ETF (AMDY) is Bearish.
Can you provide the RSI signal for YIELDMAX AMD OPTION IS ETF?
YIELDMAX AMD OPTION IS ETF (AMDY) has an RSI value of 38.1011. This indicates that the stock is currently neutral.
What is the MACD signal for AMDY stock?
The MACD indicator for YIELDMAX AMD OPTION IS ETF (AMDY) has a value of -0.665095, indicating a bearish trend.
What are the support and resistance levels for YIELDMAX AMD OPTION IS ETF (AMDY) stock?
YIELDMAX AMD OPTION IS ETF (AMDY) has a support level at 31.99 and a resistance level at 37.43. Check the full technical report for our detailed analysis of AMDY support and resistance levels.