YIELDMAX SQ OPTION IS ETF (SQY) Stock Technical Analysis
NYSEARCA:SQY - NYSE Arca - US88634T7660 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SQY. 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.
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
10.38
19.01
When analyzing the support we notice one important 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.
We can see 5 important resistance areas.
- 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.
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. |
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)
10.49
-0.2 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.87%
1 Week-12.14%
2 Weeks-8.14%
1 Month-16.75%
3 Month-46.01%
6 Month-41.46%
12 Month-54.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%4.51%
ATR Inc2.93%
Range Today0.43
ADR(20)0.4
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.67
Mansfield-4.16
10 Day High12.12
10 Day Low10.14
20 Day High12.47
20 Day Low10.14
52 Week High24
52 Week Low10.14
CS1 End10.48
CR1 Start11.04
Volume & EV
DER(3)-3.47%
DER(5)-5.78%
Volume125.80K
Volume Incr-13.16%
Vol(5)56.00K
Vol(50)101.62K