We assign a technical rating of 9 out of 10 to PYPE. PYPE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 however is currently trading near a new high, so PYPE is lagging the market slightly.
- 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.
PYPE has an excellent technical rating, but the quality of the setup is only medium 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
We found 2 important support 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. |
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 current trend direction of ETRACS NYSE PICKENS CORE ETN (PYPE) stock?
The current trend direction for ETRACS NYSE PICKENS CORE ETN (PYPE) is Bullish.
What is the RSI signal for PYPE stock?
ETRACS NYSE PICKENS CORE ETN (PYPE) has an RSI value of 59.9455. This indicates that the stock is currently neutral.
What is the short term momentum for PYPE stock?
The short term momentum for ETRACS NYSE PICKENS CORE ETN (PYPE) is positive.
What is the buy/sell signal for PYPE stock?
The buy/sell signal for ETRACS NYSE PICKENS CORE ETN (PYPE) is buy as both the short term and long term trends are positive.