MS -3X SP500 DLY LEV ALT ETF (SPYD.CA) Stock Technical Analysis
TSX:SPYD - Toronto Stock Exchange - CA54315B8886 - ETF - Currency: CAD
Taking everything into account, SPYD scores 3 out of 10 in our technical rating. In the last year, SPYD was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of SPYD is bad and it also does not present a 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
16.30
We found 1 important support area.
- A support zone ranging from 16.46 to 16.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.59 to 16.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 SPYD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYD.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SPYD.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPYD.CA is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 28 | OVERSOLD | The low RSI value suggests SPYD.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests SPYD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.06 | OVERSOLD | The low Stochastics value suggests SPYD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SPYD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.63 | POSITIVE | The high ADX value value for SPYD.CA suggests a strong trend. |
TSX:SPYD (7/21/2025, 7:00:00 PM)
16.47
-0.12 (-0.72%)