AMPLIFY DIGITAL PAYMENTS ETF (IPAY) Stock Technical Analysis
NYSEARCA:IPAY - NYSE Arca - US0321086565 - ETF - Currency: USD
Taking everything into account, IPAY scores 7 out of 10 in our technical rating. In the last year, IPAY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: IPAY has an average volume of 17978 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
IPAY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that IPAY is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
IPAY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IPAY is lagging the market slightly.
Besides having an excellent technical rating, IPAY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 55.89, 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.
More info and screens
46.08
62.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.90 to 55.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.94 from a trend line in the weekly time frame.
- Support @46.55 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 56.54 to 56.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.01 from a horizontal line in the daily time frame.
- A resistance zone ranging from 61.93 to 62.05. 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 IPAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPAY is up. |
| ChartMill Relative Strength | 75.63 | POSITIVE | IPAY has a high relative strength, it outperformed 75.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.89 | NEUTRAL | The RSI value for IPAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IPAY has a negative trend. |
| Stochastics (14,3) | 53.68 | NEUTRAL | The Stochastics value for IPAY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for IPAY suggests low volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for IPAY 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)
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 |
|---|---|---|---|
| 56.98 | 54.93 | 2.05 (3.60%) | 25.00% |
| An entry @56.98. This is a Buy Stop order right above the resistance zone. | An exit @54.93. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.05 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- 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.
56.4689
-0.04 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week0.63%
2 Weeks-0.39%
1 Month6.37%
3 Month-2.44%
6 Month-8.36%
12 Month18.07%
2 Year39.57%
3 Year22.92%
5 Year17.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%1.57%
ATR Inc-40.55%
Range Today0.51
ADR(20)0.66
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.63
Mansfield0.14
10 Day High57.63
10 Day Low54.94
20 Day High57.94
20 Day Low52.87
52 Week High62.24
52 Week Low44.11
CS1 End55.89
CR1 Start56.54
Volume & EV
DER(3)0.31%
DER(5)0.28%
Volume3.20K
Volume Incr-43.84%
Vol(5)9.28K
Vol(50)17.98K