Taking everything into account, SPYI scores 7 out of 10 in our technical rating. Although SPYI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, SPYI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 53.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.08, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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50.28
When analyzing the support we notice one important area.
- A support zone ranging from 50.79 to 53.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 53.20 to 53.38. 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 SPYI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYI is up. |
| ChartMill Relative Strength | 48.83 | 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) | UP | POSITIVE | The current price of SPYI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.57 | NEUTRAL | The RSI value for SPYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPYI has a positive trend. |
| Stochastics (14,3) | 69.01 | NEUTRAL | The Stochastics value for SPYI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for SPYI suggests low volalility. |
| Average Directional Index/ADX (14) | 8.9 | NEGATIVE | The low ADX value for SPYI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.39 | 52.39 | 1.00 (1.88%) | 25.00% |
| An entry @53.39. This is a Buy Stop order right above the resistance zone. | An exit @52.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.00 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
53.19
+0.25 (+0.47%)
NEOS S&P 500 HIGH INCOME ETF / SPYI FAQ
What is the technical rating for SPYI stock?
ChartMill assigns a technical rating of 7 / 10 to SPYI.
What is the trend direction for SPYI stock?
The current trend direction for NEOS S&P 500 HIGH INCOME ETF (SPYI) is Bullish.
What is the RSI signal for NEOS S&P 500 HIGH INCOME ETF (SPYI) stock?
NEOS S&P 500 HIGH INCOME ETF (SPYI) has an RSI value of 57.5708. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEOS S&P 500 HIGH INCOME ETF?
The short term momentum for NEOS S&P 500 HIGH INCOME ETF (SPYI) is positive.
What are the support and resistance levels for NEOS S&P 500 HIGH INCOME ETF (SPYI) stock?
NEOS S&P 500 HIGH INCOME ETF (SPYI) has a support level at 53.08 and a resistance level at 53.2. Check the full technical report for our detailed analysis of SPYI support and resistance levels.