GLOBAL X RUSSELL 2000 COV CL (RYLD) Stock Technical Analysis
NYSEARCA:RYLD - NYSE Arca - US37954Y4594 - ETF - Currency: USD
Taking everything into account, RYLD scores 3 out of 10 in our technical rating. In the past year, RYLD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, RYLD is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RYLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RYLD is lagging the market.
In the last month RYLD has a been trading in a tight range between 14.13 and 14.88.
RYLD has a poor technical rating and the quality of the setup is also not perfect 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
13.75
17.04
We found 2 important support areas.
- A support zone ranging from 14.47 to 14.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.89 to 14.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 16.32 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 | DOWN | NEGATIVE | The long term trend for RYLD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYLD is up. |
| ChartMill Relative Strength | 28.18 | NEGATIVE | RYLD has a low relative strength, it was outperformed by 71.82% off all stocks 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 | NEGATIVE | The current price of RYLD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.4 | NEUTRAL | The RSI value for RYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RYLD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.54 | OVERBOUGHT | The high Stochastics value suggests RYLD may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for RYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 13.01 | NEGATIVE | The low ADX value for RYLD 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)
14.85
+0.11 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.75%
1 Week0.2%
2 Weeks2.27%
1 Month0.61%
3 Month-3.57%
6 Month-9.56%
12 Month-7.42%
2 Year-17.91%
3 Year-27.7%
5 Year-23.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.89%
ATR Inc10.33%
Range Today0.07
ADR(20)0.11
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.18
Mansfield-1.06
10 Day High14.88
10 Day Low14.53
20 Day High14.88
20 Day Low14.13
52 Week High16.87
52 Week Low13.16
CS1 End14.83
CR1 Start16.32
Volume & EV
DER(3)-0.31%
DER(5)-2.24%
Volume324.10K
Volume Incr-32.88%
Vol(5)467.90K
Vol(50)693.52K