YIELDMAX AMAZN OPTION INCOME (AMZY) Stock Technical Analysis
NYSEARCA:AMZY - NYSE Arca - US88634T8403 - ETF - Currency: USD
Taking everything into account, AMZY scores 3 out of 10 in our technical rating. In the past year, AMZY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
AMZY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.06, a Stop Loss order could be placed below this zone.
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15.07
3 important support areas can be observed.
- A support zone ranging from 15.94 to 16.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.58 from a horizontal line in the daily time frame.
- Support @15.22 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.44 to 16.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.86 from a horizontal line in the daily time frame.
- Resistance @17.26 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for AMZY is up. |
| ChartMill Relative Strength | 19.48 | NEGATIVE | AMZY has a low relative strength, it was outperformed by 80.52% 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) | UP | POSITIVE | The current price of AMZY is above the rising 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) | 51.74 | NEUTRAL | The RSI value for AMZY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMZY has a negative trend. |
| Stochastics (14,3) | 53.78 | NEUTRAL | The Stochastics value for AMZY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for AMZY suggests low volalility. |
| Average Directional Index/ADX (14) | 9.42 | NEGATIVE | The low ADX value for AMZY suggests a weak or negative trend. |
NYSEARCA:AMZY (7/18/2025, 2:44:35 PM)
16.22
+0.13 (+0.81%)