SIMPLIFY HIGH YIELD ETF (CDX) Stock Technical Analysis
USA - NYSEARCA:CDX - US82889N8305 - ETF
22.88 USD
+0.01 (+0.04%)
22.88 USD
0 (0%)
Overall CDX gets a technical rating of 1 out of 10. CDX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CDX is a bad performer in the overall market: 70% of all stocks are doing better.
CDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDX is lagging the market.
In the last month CDX has a been trading in a tight range between 22.59 and 22.95.
Although the technical rating is bad, CDX 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 22.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.87, a Stop Loss order could be placed below this zone.
More info and screens
21.55
24.19
2 important support areas can be observed.
- A support zone ranging from 22.23 to 22.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.77 to 21.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.90 to 23.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.95 to 23.95. This zone is formed by a combination of multiple trend lines 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 CDX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDX is neutral. |
| ChartMill Relative Strength | 30.43 | NEUTRAL | CDX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CDX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CDX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.43 | NEUTRAL | The RSI value for CDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CDX has a positive trend. |
| Stochastics (14,3) | 75.95 | NEUTRAL | The Stochastics value for CDX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for CDX suggests low volalility. |
| Average Directional Index/ADX (14) | 11.4 | NEGATIVE | The low ADX value for CDX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.88
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.88%
2 Weeks0.79%
1 Month0.44%
3 Month-0.91%
6 Month-0.82%
12 Month-2.76%
2 Year5.2%
3 Year4.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.61%
ATR Inc-13.42%
Range Today0.11
ADR(20)0.14
ADR(20)%0.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.43
3 months CRS30.59
6 months CRS20.88
Mansfield-1.04
10 Day High22.91
10 Day Low22.65
20 Day High22.95
20 Day Low22.59
52 Week High24.89
52 Week Low21.57
CS1 End22.87
CR1 Start22.9
Volume & EV
DER(3)-5.78%
DER(5)-4.39%
Volume259.70K
Volume Incr0.33%
Vol(5)221.58K
Vol(50)210.36K