STRIVE ENHANCED INCOME SHORT (BUXX) Stock Technical Analysis
NYSE:BUXX - New York Stock Exchange, Inc. - US02072L4418 - ETF - Currency: USD
Taking everything into account, BUXX scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BUXX is a bad performer.
BUXX has only a medium 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 20.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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19.89
When analyzing the support we notice one important area.
- A support zone ranging from 20.09 to 20.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.38 to 20.43. 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 | UP | POSITIVE | The long term trend for BUXX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BUXX is up. |
| ChartMill Relative Strength | 32.22 | NEUTRAL | BUXX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BUXX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BUXX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BUXX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for BUXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BUXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests BUXX may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for BUXX suggests low volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for BUXX suggests a possible start of a new trend. |
20.36
-0.01 (-0.05%)