AMPLIFY BITCOIN MAX INC ETF (BAGY) Technical Analysis
NYSEARCA:BAGY • US0321084669
Current stock price
BAGY Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to BAGY. In the past year, BAGY 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than BAGY.
- BAGY 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.
- Warning: BAGY has an average volume of 7780 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month BAGY has a been trading in the 27.32 - 32.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAGY Weekly and Daily overview Charts
BAGY Setup Rating and Analysis
The technical rating of BAGY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BAGY Support and Resistance Analysis
26.27
We found 2 important support areas.
- A support zone ranging from 27.19 to 27.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.16 to 32.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BAGY 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 | DOWN | NEGATIVE | The long term trend for BAGY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAGY is neutral. |
| ChartMill Relative Strength | 11.11 | NEGATIVE | BAGY has a low relative strength, it was outperformed by 88.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BAGY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAGY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAGY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.47 | NEUTRAL | The RSI value for BAGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BAGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.66 | NEUTRAL | The Stochastics value for BAGY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for BAGY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for BAGY suggests a weak or negative trend. |
BAGY Chart- and CandleStick Pattern Analysis
BAGY Technicals: Chart, Performance Metrics, Trend & Indicators
30.1079
-1.37 (-4.36%)
AMPLIFY BITCOIN MAX INC ETF / BAGY TA FAQ
What is the ChartMill technical rating of AMPLIFY BITCOIN MAX INC ETF (BAGY) stock?
ChartMill assigns a technical rating of 3 / 10 to BAGY.
Can you provide the trend direction for AMPLIFY BITCOIN MAX INC ETF?
The current trend direction for AMPLIFY BITCOIN MAX INC ETF (BAGY) is Bearish.
What is the RSI signal for BAGY stock?
AMPLIFY BITCOIN MAX INC ETF (BAGY) has an RSI value of 47.4685. This indicates that the stock is currently neutral.
What is the short term momentum for AMPLIFY BITCOIN MAX INC ETF (BAGY) stock?
The short term momentum for AMPLIFY BITCOIN MAX INC ETF (BAGY) is neutral.
What are the support and resistance levels for AMPLIFY BITCOIN MAX INC ETF (BAGY) stock?
AMPLIFY BITCOIN MAX INC ETF (BAGY) has a support level at 27.19 and a resistance level at 31.16. Check the full technical report for our detailed analysis of BAGY support and resistance levels.