SIMPLIFY HIGH YIELD ETF (CDX) Stock Technical Analysis
USA - NYSEARCA:CDX - US82889N8305 - ETF
We assign a technical rating of 1 out of 10 to CDX. CDX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CDX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
21.55
When analyzing the support we can see 2 important areas.
- Support @22.69 from a trend line 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.71 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 | DOWN | NEGATIVE | The short term trend for CDX is down. |
| ChartMill Relative Strength | 44.89 | NEUTRAL | CDX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDX is below 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) | 46.24 | NEUTRAL | The RSI value for CDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.62 | NEUTRAL | The Stochastics value for CDX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for CDX suggests low volalility. |
| Average Directional Index/ADX (14) | 10.85 | NEGATIVE | The low ADX value for CDX suggests a weak or negative trend. |
22.69
+0.06 (+0.25%)
SIMPLIFY HIGH YIELD ETF / CDX FAQ
What is the technical rating for CDX stock?
ChartMill assigns a technical rating of 1 / 10 to CDX.
What is the trend direction for CDX stock?
The current trend direction for SIMPLIFY HIGH YIELD ETF (CDX) is Bearish.
What is the RSI signal for CDX stock?
SIMPLIFY HIGH YIELD ETF (CDX) has an RSI value of 46.2355. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SIMPLIFY HIGH YIELD ETF?
The short term momentum for SIMPLIFY HIGH YIELD ETF (CDX) is negative.
What is the support and resistance level for CDX stock?
SIMPLIFY HIGH YIELD ETF (CDX) has a support level at 22.69 and a resistance level at 22.71. Check the full technical report for our detailed analysis of CDX support and resistance levels.