GLOBAL X NASD 100 COV CALL (QYLD) Stock Technical Analysis
USA - NASDAQ:QYLD - US37954Y4834 - ETF
We assign a technical rating of 5 out of 10 to QYLD. Although QYLD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
QYLD has an average technical rating and it also does not offer a high quality setup 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
16.35
2 important support areas can be observed.
- A support zone ranging from 16.86 to 17.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.52 to 16.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.42 to 17.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for QYLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QYLD is neutral. |
| ChartMill Relative Strength | 36.24 | NEUTRAL | QYLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QYLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QYLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QYLD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.16 | NEUTRAL | The RSI value for QYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QYLD has a negative trend. |
| Stochastics (14,3) | 74.87 | NEUTRAL | The Stochastics value for QYLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for QYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for QYLD suggests a weak or negative trend. |
17.36
+0.01 (+0.06%)
GLOBAL X NASD 100 COV CALL / QYLD FAQ
What is the ChartMill technical rating of GLOBAL X NASD 100 COV CALL (QYLD) stock?
ChartMill assigns a technical rating of 5 / 10 to QYLD.
What is the trend direction for QYLD stock?
The current trend direction for GLOBAL X NASD 100 COV CALL (QYLD) is Bullish.
Can you provide the RSI signal for GLOBAL X NASD 100 COV CALL?
GLOBAL X NASD 100 COV CALL (QYLD) has an RSI value of 57.1571. This indicates that the stock is currently neutral.
What is the short term momentum for QYLD stock?
The short term momentum for GLOBAL X NASD 100 COV CALL (QYLD) is neutral.
What are the support and resistance levels for GLOBAL X NASD 100 COV CALL (QYLD) stock?
GLOBAL X NASD 100 COV CALL (QYLD) has a support level at 17.34 and a resistance level at 17.42. Check the full technical report for our detailed analysis of QYLD support and resistance levels.