MAX S&P 500 4X LEVERAGED ETN (SPYU) Stock Technical Analysis
NYSEARCA:SPYU - US0636795678 - ETF
48.45 USD
-1.28 (-2.57%)
47.15 USD
-1.3 (-2.68%)
We assign a technical rating of 9 out of 10 to SPYU. Both in the recent history as in the last year, SPYU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SPYU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPYU is lagging the market slightly.
In the last month SPYU has a been trading in the 44.00 - 49.92 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SPYU is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SPYU also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 48.17, a Stop Loss order could be placed below this zone.
More info and screens
42.56
49.30
We found 2 important support areas.
- A support zone ranging from 47.63 to 48.17. 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 42.99 to 42.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @48.81 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for SPYU is up. |
| ChartMill Relative Strength | 80.88 | POSITIVE | SPYU has a high relative strength, it outperformed 80.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPYU is above 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) | DOWN | MIXED | The current price of SPYU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.58 | NEUTRAL | The RSI value for SPYU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SPYU has a negative trend. |
| Stochastics (14,3) | 83.61 | OVERBOUGHT | The high Stochastics value suggests SPYU may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SPYU suggests some volalility. |
| Average Directional Index/ADX (14) | 18.78 | 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)
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 |
|---|---|---|---|
| 48.82 | 47.62 | 1.20 (2.46%) | 25.00% |
| An entry @48.82. This is a Buy Stop order right above the resistance zone. | An exit @47.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.20 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of SPYU. Please evaluate whether better entry and exit points can be found.
- 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.
48.45
-1.28 (-2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.57%
1 Week-0.72%
2 Weeks-0.39%
1 Month12.67%
3 Month33.21%
6 Month4.87%
12 Month8.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%3.12%
ATR Inc12.52%
Range Today1.45
ADR(20)1.38
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.88
Mansfield0.25
10 Day High49.92
10 Day Low45.38
20 Day High49.92
20 Day Low44
52 Week High55.39
52 Week Low18.15
CS1 End48.17
CR1 Start48.81
Volume & EV
DER(3)-1.27%
DER(5)1.68%
Volume523.90K
Volume Incr-34.72%
Vol(5)479.88K
Vol(50)758.46K