Overall CDX gets a technical rating of 0 out of 10. CDX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CDX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CDX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
21.55
We found 2 important support areas.
- A support zone ranging from 22.22 to 22.23. 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 3 important resistance areas.
- A resistance zone ranging from 22.30 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.
- Resistance @24.89 from a horizontal line in the daily 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 | 31.93 | 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) | DOWN | NEGATIVE | The current price of CDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.99 | NEUTRAL | The RSI value for CDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CDX has a positive trend. |
| Stochastics (14,3) | 32.56 | NEUTRAL | The Stochastics value for CDX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for CDX suggests low volalility. |
| Average Directional Index/ADX (14) | 36.35 | POSITIVE | The high ADX value value for CDX suggests a strong trend. |
22.23
-0.04 (-0.18%)
SIMPLIFY HIGH YIELD ETF / CDX FAQ
What is the technical rating for CDX stock?
ChartMill assigns a technical rating of 0 / 10 to CDX.
Can you provide the trend direction for SIMPLIFY HIGH YIELD ETF?
The current trend direction for SIMPLIFY HIGH YIELD ETF (CDX) is Bearish.
Can you provide the RSI signal for SIMPLIFY HIGH YIELD ETF?
SIMPLIFY HIGH YIELD ETF (CDX) has an RSI value of 40.9899. This indicates that the stock is currently neutral.
What is the short term momentum for CDX stock?
The short term momentum for SIMPLIFY HIGH YIELD ETF (CDX) is negative.
What is the buy/sell signal for CDX stock?
The buy/sell signal for SIMPLIFY HIGH YIELD ETF (CDX) is sell as both the short term and long term trends are negative.