SIMPLIFY HIGH YIELD ETF (CDX) Stock Technical Analysis
NYSEARCA:CDX - NYSE Arca - US82889N8305 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to CDX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CDX is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, CDX turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
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 22.91 and 23.38.
CDX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 23.18, a Stop Loss order could be placed below this zone.
More info and screens
21.44
24.19
We found 2 important support areas.
- A support zone ranging from 22.92 to 23.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.66 to 21.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.21 to 23.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.95 from a horizontal 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 | UP | POSITIVE | The long term trend for CDX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDX is neutral. |
| ChartMill Relative Strength | 45.56 | 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) | UP | POSITIVE | The current price of CDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CDX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.22 | NEUTRAL | The RSI value for CDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.13 | OVERBOUGHT | The high Stochastics value suggests CDX may be overbought. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for CDX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for CDX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.27 | 22.99 | 0.29 (1.22%) | 25.00% |
| An entry @23.27. This is a Buy Stop order right above the resistance zone. | An exit @22.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.29 points, which is 1.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.21
-0.13 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.56%
1 Week0.39%
2 Weeks0.96%
1 Month0.48%
3 Month1.62%
6 Month5.67%
12 Month1.06%
2 Year6.31%
3 Year4.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.59%
ATR Inc63.21%
Range Today0.19
ADR(20)0.13
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.56
Mansfield-0.5
10 Day High23.38
10 Day Low23
20 Day High23.38
20 Day Low22.91
52 Week High24.89
52 Week Low21.34
CS1 End23.18
CR1 Start23.21
Volume & EV
DER(3)-7.09%
DER(5)-1.99%
Volume227.90K
Volume Incr-32.31%
Vol(5)158.34K
Vol(50)200.80K