GLOBAL X S&P 500 COVE CALL E (XYLD) Stock Technical Analysis
USA - NYSEARCA:XYLD - US37954Y4750 - ETF
We assign a technical rating of 6 out of 10 to XYLD. Although XYLD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
XYLD has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.40
2 important support areas can be observed.
- A support zone ranging from 38.58 to 39.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Strong resistance @40.10 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 | UP | POSITIVE | The long term trend for XYLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XYLD is up. |
| ChartMill Relative Strength | 36.15 | NEUTRAL | XYLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XYLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XYLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XYLD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.8 | NEUTRAL | The RSI value for XYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests XYLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.65 | OVERBOUGHT | The high Stochastics value suggests XYLD may be overbought. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for XYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 12.44 | NEGATIVE | The low ADX value for XYLD suggests a weak or negative trend. |
40.04
+0.21 (+0.53%)
GLOBAL X S&P 500 COVE CALL E / XYLD FAQ
Can you provide the ChartMill technical rating for GLOBAL X S&P 500 COVE CALL E?
ChartMill assigns a technical rating of 6 / 10 to XYLD.
What is the trend direction for XYLD stock?
The current trend direction for GLOBAL X S&P 500 COVE CALL E (XYLD) is Bullish.
Can you provide the RSI signal for GLOBAL X S&P 500 COVE CALL E?
GLOBAL X S&P 500 COVE CALL E (XYLD) has an RSI value of 63.7968. This indicates that the stock is currently neutral.
What is the short term momentum for XYLD stock?
The short term momentum for GLOBAL X S&P 500 COVE CALL E (XYLD) is positive.
What is the buy/sell signal for GLOBAL X S&P 500 COVE CALL E (XYLD) stock?
The buy/sell signal for GLOBAL X S&P 500 COVE CALL E (XYLD) is buy as both the short term and long term trends are positive.