ETRACS NYSE PICKENS CORE ETN (PYPE) Stock Technical Analysis
NYSEARCA:PYPE - NYSE Arca - US90274E2578 - ETF - Currency: USD
Taking everything into account, PYPE scores 9 out of 10 in our technical rating. 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.
Warning: PYPE has an average volume of 178 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!
When comparing the yearly performance of all stocks, we notice that PYPE is one of the better performing stocks in the market, outperforming 81% of all stocks.
PYPE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PYPE is performing more or less in line with the market.
In the last month PYPE has a been trading in a tight range between 20.62 and 21.78.
Volume is considerably higher in the last couple of days.
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.
More info and screens
19.55
22.71
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.
2 important resistance areas can be observed.
- 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. |
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)
NYSEARCA:PYPE (6/15/2023, 4:10:00 PM)
21.56
-0.22 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.01%
1 Week-0.75%
2 Weeks3.36%
1 Month4.58%
3 Month8.19%
6 Month2.38%
12 Month16.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.75%
ATR Inc104.45%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.4
Mansfield-0.73
10 Day High21.78
10 Day Low21.26
20 Day High21.78
20 Day Low20.62
52 Week High22.42
52 Week Low18.26
CS1 End21.48
CR1 Start21.93
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr740%
Vol(5)840
Vol(50)178