SIMPLIFY TARGET 15 DISTR ETF (XV) Stock Technical Analysis
NYSEARCA:XV - US82889N3504 - ETF
We assign a technical rating of 5 out of 10 to XV. In the last year, XV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
XV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.80, a Stop Loss order could be placed below this zone.
More info and screens
25.40
2 important support areas can be observed.
- A support zone ranging from 26.32 to 26.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.08 to 27.09. 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 XV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XV is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | XV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XV is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.49 | NEUTRAL | The RSI value for XV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests XV has a positive trend. |
| Stochastics (14,3) | 61.49 | NEUTRAL | The Stochastics value for XV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for XV suggests low volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for XV suggests a weak or negative trend. |
27.08
+0.42 (+1.58%)