YIELDMAX PLTR OPTION INC ETF (PLTY) Stock Technical Analysis
USA - NYSEARCA:PLTY - US88636R8007 - ETF
Taking everything into account, PLTY scores 4 out of 10 in our technical rating. PLTY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
PLTY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PLTY 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.
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59.10
We found 1 important support area.
- A support zone ranging from 59.70 to 61.50. 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 64.35 to 65.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.08 to 73.58. 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 PLTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLTY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PLTY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLTY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLTY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.22 | NEUTRAL | The RSI value for PLTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests PLTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.69 | NEUTRAL | The Stochastics value for PLTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for PLTY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for PLTY suggests a possible start of a new trend. |
64.2
+0.47 (+0.74%)