NEOS S&P 500 HIGH INCOME ETF (SPYI) Stock Technical Analysis
NYSEARCA:SPYI - NYSE Arca - US78433H3030 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to SPYI. In the past year, SPYI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SPYI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPYI is performing more or less in line with the market.
SPYI has an average volume of 1397310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SPYI outperforms 43% of them, which is more or less in line with the market.
In the last month SPYI has a been trading in a tight range between 48.03 and 50.03.
SPYI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
49.08
53.22
3 important resistance areas can be observed.
- A resistance zone ranging from 49.61 to 50.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.59 to 51.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 52.68 to 52.69. 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 | NEUTRAL | NEUTRAL | The long term trend for SPYI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYI is up. |
| ChartMill Relative Strength | 43.11 | NEUTRAL | SPYI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPYI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPYI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPYI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.95 | NEUTRAL | The RSI value for SPYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPYI has a negative trend. |
| Stochastics (14,3) | 84.55 | OVERBOUGHT | The high Stochastics value suggests SPYI may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for SPYI suggests low volalility. |
| Average Directional Index/ADX (14) | 10.11 | NEGATIVE | The low ADX value for SPYI 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)
49.58
-0.39 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.78%
1 Week-0.18%
2 Weeks1.14%
1 Month0.32%
3 Month2.08%
6 Month-5.62%
12 Month-1.67%
2 Year-0.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%0.78%
ATR Inc1%
Range Today0.39
ADR(20)0.32
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.11
Mansfield-0.53
10 Day High50.03
10 Day Low48.76
20 Day High50.03
20 Day Low48.03
52 Week High52.78
52 Week Low41.6
CS1 EndN/A
CR1 Start49.61
Volume & EV
DER(3)-0.45%
DER(5)-0.46%
Volume2.33M
Volume Incr14.96%
Vol(5)1.60M
Vol(50)1.40M