YIELDMAX ULTRA OPTION INC (ULTY) Stock Technical Analysis
NYSEARCA:ULTY - US88636J5276 - ETF
5.58 USD
-0.05 (-0.89%)
5.52 USD
-0.06 (-1.08%)
We assign a technical rating of 0 out of 10 to ULTY. ULTY'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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ULTY is a bad performer in the overall market: 93% of all stocks are doing better.
ULTY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ULTY has a been trading in the 5.53 - 6.15 range, which is quite wide. It is currently trading near the lows of this range.
ULTY has an average volume of 35681800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ULTY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.48, a Stop Loss order could be placed below this zone.
More info and screens
5.36
6.42
We found 1 important support area.
- A support zone ranging from 5.41 to 5.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- Resistance @5.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.68 to 5.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.81 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.99 to 6.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.24 to 6.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.36 from a horizontal line in the daily 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 ULTY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ULTY is down. |
| ChartMill Relative Strength | 7.77 | NEGATIVE | ULTY has a low relative strength, it was outperformed by 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ULTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ULTY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ULTY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.15 | OVERSOLD | The low RSI value suggests ULTY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ULTY has a negative trend. |
| Stochastics (14,3) | 15.75 | OVERSOLD | The low Stochastics value suggests ULTY may be oversold. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for ULTY suggests low volalility. |
| Average Directional Index/ADX (14) | 37.32 | POSITIVE | The high ADX value value for ULTY 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)
5.58
-0.05 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.89%
1 Week-3.79%
2 Weeks-2.62%
1 Month-8.67%
3 Month-9.56%
6 Month-17.09%
12 Month-45.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.95%
ATR Inc14.47%
Range Today0.12
ADR(20)0.1
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.77
Mansfield-3.37
10 Day High5.81
10 Day Low5.53
20 Day High6.15
20 Day Low5.53
52 Week High11.53
52 Week Low5.23
CS1 End5.48
CR1 Start5.58
Volume & EV
DER(3)-4.14%
DER(5)-4.42%
Volume30.65M
Volume Incr-26.54%
Vol(5)31.18M
Vol(50)35.68M