MAX S&P 500 4X LEVERAGED ETN (SPYU) Stock Technical Analysis
USA - NYSEARCA:SPYU - US0636795678 - ETF
53.55 USD
+0.09 (+0.17%)
53.94 USD
+0.39 (+0.73%)
Taking everything into account, SPYU scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SPYU is only an average performer.
In the last month SPYU has a been trading in the 49.27 - 60.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SPYU 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 SPYU is performing more or less in line with the market.
When comparing the performance of all stocks over the past year, SPYU turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
SPYU has an excellent technical rating, but the quality of the setup is only medium 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
49.16
54.09
3 important support areas can be observed.
- A support zone ranging from 53.26 to 53.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 51.69 to 51.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.66 to 49.66. 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 SPYU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPYU is neutral. |
| ChartMill Relative Strength | 68 | NEUTRAL | SPYU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPYU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPYU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPYU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.63 | NEUTRAL | The RSI value for SPYU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests SPYU has a negative trend. |
| Stochastics (14,3) | 33.98 | NEUTRAL | The Stochastics value for SPYU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for SPYU suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for SPYU 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)
53.55
+0.09 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week-6.97%
2 Weeks-4.87%
1 Month7.81%
3 Month13.91%
6 Month70.54%
12 Month1.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.26
ATR(20)%4.75%
ATR Inc39.31%
Range Today3.13
ADR(20)2.17
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68
3 months CRS82.63
6 months CRS92.19
Mansfield0.9
10 Day High60.42
10 Day Low50.43
20 Day High60.42
20 Day Low49.27
52 Week High60.42
52 Week Low18.15
CS1 End53.46
CR1 StartN/A
Volume & EV
DER(3)1.05%
DER(5)0.54%
Volume1.34M
Volume Incr27.63%
Vol(5)852.38K
Vol(50)626.52K
MAX S&P 500 4X LEVERAGED ETN / SPYU FAQ
Can you provide the ChartMill technical rating for MAX S&P 500 4X LEVERAGED ETN?
ChartMill assigns a technical rating of 7 / 10 to SPYU.
What is the trend direction for SPYU stock?
The current trend direction for MAX S&P 500 4X LEVERAGED ETN (SPYU) is Bullish.
What is the RSI signal for SPYU stock?
MAX S&P 500 4X LEVERAGED ETN (SPYU) has an RSI value of 45.6259. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAX S&P 500 4X LEVERAGED ETN?
The short term momentum for MAX S&P 500 4X LEVERAGED ETN (SPYU) is neutral.