We assign a technical rating of 6 out of 10 to TSPY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TSPY is only an average performer.
TSPY has an average technical rating and also 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
24.03
We found 1 important support area.
- A support zone ranging from 24.27 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.80 to 26.32. 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 TSPY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSPY is up. |
| ChartMill Relative Strength | 47.07 | NEUTRAL | TSPY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSPY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSPY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSPY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for TSPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TSPY has a positive trend. |
| Stochastics (14,3) | 84.94 | OVERBOUGHT | The high Stochastics value suggests TSPY may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for TSPY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for TSPY suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 26.33 | 24.43 | 1.90 (7.20%) | 13.89% |
| An entry @26.33. This is a Buy Stop order right above the resistance zone. | An exit @24.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.90 points, which is 7.20%. | For a 1.00% total portfolio risk, you can invest 13.89% of your capital in this trade. |
- 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.
25.7
+0.14 (+0.55%)
TAPPALPHA SPY G AND D IN ETF / TSPY FAQ
What is the ChartMill technical rating of TAPPALPHA SPY G AND D IN ETF (TSPY) stock?
ChartMill assigns a technical rating of 6 / 10 to TSPY.
What is the current trend direction of TAPPALPHA SPY G AND D IN ETF (TSPY) stock?
The current trend direction for TAPPALPHA SPY G AND D IN ETF (TSPY) is Bullish.
What is the RSI signal for TAPPALPHA SPY G AND D IN ETF (TSPY) stock?
TAPPALPHA SPY G AND D IN ETF (TSPY) has an RSI value of 57.4925. This indicates that the stock is currently neutral.
What is the short term momentum for TSPY stock?
The short term momentum for TAPPALPHA SPY G AND D IN ETF (TSPY) is positive.
What is the buy/sell signal for TSPY stock?
The buy/sell signal for TAPPALPHA SPY G AND D IN ETF (TSPY) is buy as both the short term and long term trends are positive.