Overall PYPE gets a technical rating of 9 out of 10. In the last year, PYPE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although PYPE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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19.55
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.67 to 21.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.75 to 20.24. 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 21.93 to 22.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.49 to 22.49. This zone is formed by a combination of multiple trend lines 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 PYPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PYPE is up. |
| ChartMill Relative Strength | 81.4 | POSITIVE | PYPE has a high relative strength, it outperformed 81.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PYPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PYPE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PYPE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.95 | NEUTRAL | The RSI value for PYPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PYPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.39 | OVERBOUGHT | The high Stochastics value suggests PYPE may be overbought. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for PYPE suggests low volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for PYPE suggests a weak or negative trend. |
NYSEARCA:PYPE (6/15/2023, 4:10:00 PM)
21.56
-0.22 (-1.01%)
ETRACS NYSE PICKENS CORE ETN / PYPE FAQ
What is the ChartMill technical rating of ETRACS NYSE PICKENS CORE ETN (PYPE) stock?
ChartMill assigns a technical rating of 8 / 10 to PYPE.
What is the trend direction for PYPE stock?
The current trend direction for ETRACS NYSE PICKENS CORE ETN (PYPE) is Bullish.
What is the RSI signal for ETRACS NYSE PICKENS CORE ETN (PYPE) stock?
ETRACS NYSE PICKENS CORE ETN (PYPE) has an RSI value of 59.9455. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ETRACS NYSE PICKENS CORE ETN?
The short term momentum for ETRACS NYSE PICKENS CORE ETN (PYPE) is positive.
Can you provide the support and resistance levels for ETRACS NYSE PICKENS CORE ETN?
ETRACS NYSE PICKENS CORE ETN (PYPE) has a support level at 21.48 and a resistance level at 21.93. Check the full technical report for our detailed analysis of PYPE support and resistance levels.