Taking everything into account, NVDY scores 0 out of 10 in our technical rating. NVDY'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.
- 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.
- 87% of all other stocks performed better in the past year than NVDY.
- NVDY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- NVDY has an average volume of 5759780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NVDY has a been trading in the 13.88 - 14.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NVDY 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 14.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.50, a Stop Loss order could be placed below this zone.
More info and screens
13.32
We found 2 important support areas.
- A support zone ranging from 14.21 to 14.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.45 to 13.61. 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 14.51 to 14.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.42 from a trend line in the daily time frame.
- A resistance zone ranging from 16.93 to 17.15. This zone is formed by a combination of multiple trend lines 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 NVDY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVDY is neutral. |
| ChartMill Relative Strength | 13.54 | NEGATIVE | NVDY has a low relative strength, it was outperformed by 86.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVDY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVDY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NVDY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.02 | NEUTRAL | The RSI value for NVDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NVDY has a positive trend. |
| Stochastics (14,3) | 49.03 | NEUTRAL | The Stochastics value for NVDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for NVDY suggests low volalility. |
| Average Directional Index/ADX (14) | 12.9 | NEGATIVE | The low ADX value for NVDY suggests a weak or negative trend. |
14.5
+0.17 (+1.19%)
YIELDMAX NVDA OPTION INC ETF / NVDY FAQ
What is the ChartMill technical rating of YIELDMAX NVDA OPTION INC ETF (NVDY) stock?
ChartMill assigns a technical rating of 0 / 10 to NVDY.
What is the trend direction for NVDY stock?
The current trend direction for YIELDMAX NVDA OPTION INC ETF (NVDY) is Bearish.
What is the RSI signal for NVDY stock?
YIELDMAX NVDA OPTION INC ETF (NVDY) has an RSI value of 50.0152. This indicates that the stock is currently neutral.
What are the support and resistance levels for YIELDMAX NVDA OPTION INC ETF (NVDY) stock?
YIELDMAX NVDA OPTION INC ETF (NVDY) has a support level at 14.5 and a resistance level at 14.51. Check the full technical report for our detailed analysis of NVDY support and resistance levels.