GLOBAL X NASD 100 COV CALL (QYLD) Stock Technical Analysis
NASDAQ:QYLD - Nasdaq - US37954Y4834 - ETF - Currency: USD
Taking everything into account, QYLD scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. QYLD was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, QYLD is a bad performer in the overall market: 68% of all stocks are doing better.
QYLD has an average volume of 3969990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QYLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QYLD is lagging the market.
In the last month QYLD has a been trading in a tight range between 16.39 and 16.83.
The technical rating of QYLD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.95
19.04
2 important support areas can be observed.
- A support zone ranging from 16.56 to 16.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.66 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.33 to 18.85. 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 | DOWN | NEGATIVE | The long term trend for QYLD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QYLD is neutral. |
| ChartMill Relative Strength | 32.14 | NEUTRAL | QYLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QYLD is below 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 | NEGATIVE | The current price of QYLD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.63 | NEUTRAL | The RSI value for QYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QYLD has a negative trend. |
| Stochastics (14,3) | 52.4 | NEUTRAL | The Stochastics value for QYLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for QYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for QYLD 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)
16.66
-0.11 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week-0.77%
2 Weeks-0.54%
1 Month0.48%
3 Month2.59%
6 Month-10.14%
12 Month-3.87%
2 Year-7.6%
3 Year-9.55%
5 Year-22.8%
10 Year-30.09%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.27%
ATR Inc332.99%
Range Today0.04
ADR(20)0.03
ADR(20)%0.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.14
Mansfield-1.21
10 Day High16.83
10 Day Low16.64
20 Day High16.83
20 Day Low16.39
52 Week High18.89
52 Week Low14.48
CS1 End16.57
CR1 Start16.66
Volume & EV
DER(3)-6.48%
DER(5)-5.13%
Volume4.75M
Volume Incr0.98%
Vol(5)3.69M
Vol(50)3.97M