GLOBAL X RUSSELL 2000 COV CL (RYLD) Stock Technical Analysis
USA - NYSEARCA:RYLD - US37954Y4594 - ETF
Overall RYLD gets a technical rating of 5 out of 10. Although RYLD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RYLD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.34, a Stop Loss order could be placed below this zone.
More info and screens
14.16
We found 3 important support areas.
- A support zone ranging from 15.20 to 15.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.74 to 14.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.30 to 14.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.40 to 15.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.34 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 16.85 to 16.87. 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 | UP | POSITIVE | The long term trend for RYLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYLD is neutral. |
| ChartMill Relative Strength | 34.93 | NEUTRAL | RYLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RYLD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.23 | NEUTRAL | The RSI value for RYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RYLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for RYLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for RYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for RYLD suggests a weak or negative trend. |
15.4
+0.11 (+0.72%)
GLOBAL X RUSSELL 2000 COV CL / RYLD FAQ
What is the technical rating for RYLD stock?
ChartMill assigns a technical rating of 5 / 10 to RYLD.
What is the current trend direction of GLOBAL X RUSSELL 2000 COV CL (RYLD) stock?
The current trend direction for GLOBAL X RUSSELL 2000 COV CL (RYLD) is Bullish.
Can you provide the RSI signal for GLOBAL X RUSSELL 2000 COV CL?
GLOBAL X RUSSELL 2000 COV CL (RYLD) has an RSI value of 55.2298. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBAL X RUSSELL 2000 COV CL (RYLD) stock?
The short term momentum for GLOBAL X RUSSELL 2000 COV CL (RYLD) is neutral.