YIELDMAX AMAZN OPTION INCOME (AMZY) Stock Technical Analysis
USA - NYSEARCA:AMZY - US88634T8403 - ETF
We assign a technical rating of 1 out of 10 to AMZY. AMZY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, AMZY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.45. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMZY 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.
More info and screens
14.30
We can see 5 important resistance areas.
- A resistance zone ranging from 14.45 to 14.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.66 to 15.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.13 from a horizontal line in the daily time frame.
- Resistance @16.52 from a horizontal line in the weekly time frame.
- Resistance @16.86 from a horizontal 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 AMZY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMZY is neutral. |
| ChartMill Relative Strength | 13.22 | NEGATIVE | AMZY has a low relative strength, it was outperformed by 86.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMZY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMZY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMZY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.26 | NEUTRAL | The RSI value for AMZY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AMZY has a positive trend. |
| Stochastics (14,3) | 60.43 | NEUTRAL | The Stochastics value for AMZY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for AMZY suggests low volalility. |
| Average Directional Index/ADX (14) | 26.42 | POSITIVE | The high ADX value value for AMZY suggests a strong trend. |
14.44
+0.11 (+0.77%)
YIELDMAX AMAZN OPTION INCOME / AMZY FAQ
What is the technical rating for AMZY stock?
ChartMill assigns a technical rating of 1 / 10 to AMZY.
Can you provide the trend direction for YIELDMAX AMAZN OPTION INCOME?
The current trend direction for YIELDMAX AMAZN OPTION INCOME (AMZY) is Bearish.
What is the RSI signal for AMZY stock?
YIELDMAX AMAZN OPTION INCOME (AMZY) has an RSI value of 51.2553. This indicates that the stock is currently neutral.
What is the short term momentum for AMZY stock?
The short term momentum for YIELDMAX AMAZN OPTION INCOME (AMZY) is neutral.