YIELDMAX ULTRA OPTION INC (ULTY) Stock Technical Analysis
NYSEARCA:ULTY - NYSE Arca - US88636J5276 - ETF - Currency: USD
Taking everything into account, ULTY scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ULTY was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than ULTY.
ULTY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ULTY has an average volume of 4157050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ULTY has a been trading in a tight range between 5.99 and 6.31.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ULTY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.25, a Stop Loss order could be placed below this zone.
More info and screens
5.36
6.43
We found 3 important support areas.
- A support zone ranging from 6.20 to 6.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.06 to 6.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.41 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.30 to 6.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ULTY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ULTY is up. |
| ChartMill Relative Strength | 10.45 | NEGATIVE | ULTY has a low relative strength, it was outperformed by 89.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ULTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ULTY is above the rising 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) | 55.25 | NEUTRAL | The RSI value for ULTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ULTY has a positive trend. |
| Stochastics (14,3) | 73.96 | NEUTRAL | The Stochastics value for ULTY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ULTY suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for ULTY suggests a weak or negative 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)
6.29
+0.1 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.62%
1 Week0.64%
2 Weeks0.96%
1 Month3.11%
3 Month2.78%
6 Month-31.26%
12 Month-53.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%2.03%
ATR Inc-0.55%
Range Today0.08
ADR(20)0.11
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.45
Mansfield-3.29
10 Day High6.31
10 Day Low6.05
20 Day High6.31
20 Day Low5.99
52 Week High14.4
52 Week Low5.23
CS1 End6.25
CR1 Start6.3
Volume & EV
DER(3)-3.12%
DER(5)-3.88%
Volume7.92M
Volume Incr98.94%
Vol(5)10.70M
Vol(50)4.16M