YIELDMAX TSLA OPTION INC ETF (TSLY) Stock Technical Analysis
NYSEARCA:TSLY - NYSE Arca - US88636J4444 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to TSLY. TSLY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, TSLY is a bad performer in the overall market: 87% of all stocks are doing better.
TSLY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSLY is lagging the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TSLY has an average volume of 8865070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TSLY has a been trading in the 7.41 - 9.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TSLY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TSLY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
7.61
17.11
We found 3 important support areas.
- A support zone ranging from 8.30 to 8.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.92 to 8.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.69 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 8.86 to 8.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.29 from a horizontal line in the weekly time frame.
- Resistance @9.90 from a horizontal line in the daily time frame.
- Resistance @13.31 from a trend line in the weekly time frame.
- Resistance @15.84 from a trend line in the weekly time frame.
- Resistance @16.94 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 | DOWN | NEGATIVE | The long term trend for TSLY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLY is neutral. |
| ChartMill Relative Strength | 13.62 | NEGATIVE | TSLY has a low relative strength, it was outperformed by 86.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSLY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.37 | NEUTRAL | The RSI value for TSLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TSLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.8 | NEUTRAL | The Stochastics value for TSLY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.62 | NEUTRAL | The ADX value for TSLY suggests a possible start of a new 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)
8.78
+0.46 (+5.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.53%
1 Week6.04%
2 Weeks9.2%
1 Month-3.73%
3 Month5.53%
6 Month-42.01%
12 Month-45.67%
2 Year-74.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%4.82%
ATR Inc-0.5%
Range Today0.52
ADR(20)0.37
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.62
Mansfield-3.03
10 Day High8.95
10 Day Low7.69
20 Day High9.66
20 Day Low7.41
52 Week High18.22
52 Week Low6.9
CS1 End8.41
CR1 Start8.86
Volume & EV
DER(3)3.26%
DER(5)3.62%
Volume95.46M
Volume Incr404.7%
Vol(5)35.53M
Vol(50)8.87M