YIELDMAX SQ OPTION IS ETF (SQY) Technical Analysis
NYSEARCA:SQY • US88634T7660
Current stock price
SQY Technical Rating and Analysis
Taking everything into account, SQY scores 0 out of 10 in our technical rating. SQY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than SQY.
- SQY is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SQY has a been trading in the 10.14 - 12.46 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.
- Considerably lower volume is observed in the last couple of days.
SQY Weekly and Daily overview Charts
SQY Setup Rating and Analysis
The technical rating of SQY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SQY Support and Resistance Analysis
10.38
We found 1 important support area.
- A support zone ranging from 10.48 to 10.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @11.04 from a trend line in the daily time frame.
- Resistance @11.95 from a horizontal line in the daily time frame.
- Resistance @15.58 from a trend line in the daily time frame.
- Resistance @18.32 from a horizontal line in the daily time frame.
- Resistance @18.82 from a trend line in the weekly time frame.
SQY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SQY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SQY is down. |
| ChartMill Relative Strength | 8.67 | NEGATIVE | SQY has a low relative strength, it was outperformed by 91.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SQY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SQY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SQY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.57 | OVERSOLD | The low RSI value suggests SQY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SQY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.27 | OVERSOLD | The low Stochastics value suggests SQY may be oversold. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SQY suggests some volalility. |
| Average Directional Index/ADX (14) | 46.34 | POSITIVE | The high ADX value value for SQY suggests a strong trend. |
SQY Chart- and CandleStick Pattern Analysis
SQY Technicals: Chart, Performance Metrics, Trend & Indicators
10.49
-0.2 (-1.87%)
YIELDMAX SQ OPTION IS ETF / SQY TA FAQ
Can you provide the ChartMill technical rating for YIELDMAX SQ OPTION IS ETF?
ChartMill assigns a technical rating of 0 / 10 to SQY.
What is the trend direction for SQY stock?
The current trend direction for YIELDMAX SQ OPTION IS ETF (SQY) is Bearish.
What is the RSI signal for SQY stock?
YIELDMAX SQ OPTION IS ETF (SQY) has an RSI value of 26.5739. This indicates that the stock is currently oversold.
What is the short term momentum for YIELDMAX SQ OPTION IS ETF (SQY) stock?
The short term momentum for YIELDMAX SQ OPTION IS ETF (SQY) is negative.
Can you provide the support and resistance levels for YIELDMAX SQ OPTION IS ETF?
YIELDMAX SQ OPTION IS ETF (SQY) has a support level at 10.48 and a resistance level at 11.04. Check the full technical report for our detailed analysis of SQY support and resistance levels.