YIELDMAX ULTRA OPTION INC (ULTY) Stock Technical Analysis
NYSEARCA:ULTY - NYSE Arca - US88636J5276 - ETF - Currency: USD
Overall ULTY gets a technical rating of 0 out of 10. ULTY 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.
91% 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.
In the last month ULTY has a been trading in the 5.95 - 6.46 range, which is quite wide. It is currently trading near the lows of this range.
ULTY has an average volume of 25785900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
ULTY has a poor technical rating and the quality of the setup is also not perfect 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
5.36
6.48
2 important support areas can be observed.
- Support @5.99 from a trend line 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.04 to 6.10. 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 6.20 to 6.42. 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 | DOWN | NEGATIVE | The short term trend for ULTY is down. |
| ChartMill Relative Strength | 9.87 | NEGATIVE | ULTY has a low relative strength, it was outperformed by 90.13% 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) | 39.21 | NEUTRAL | The RSI value for ULTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ULTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.05 | NEUTRAL | The Stochastics value for ULTY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for ULTY suggests low volalility. |
| Average Directional Index/ADX (14) | 25.98 | 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)
6.04
+0.01 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week-1.31%
2 Weeks-3.67%
1 Month-3.97%
3 Month-3.97%
6 Month-27.75%
12 Month-45.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.76%
ATR Inc-30%
Range Today0.08
ADR(20)0.1
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.87
Mansfield-3.08
10 Day High6.31
10 Day Low5.95
20 Day High6.46
20 Day Low5.95
52 Week High11.55
52 Week Low5.23
CS1 End5.99
CR1 Start6.04
Volume & EV
DER(3)-4.29%
DER(5)-4.96%
Volume48.65M
Volume Incr-0.92%
Vol(5)40.50M
Vol(50)25.79M