First Trust Intl Multi-Asst Divers Inc (YDIV) Stock Technical Analysis
USA - NASDAQ:YDIV -
We assign a technical rating of 0 out of 10 to YDIV. YDIV'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.
Although the technical rating is bad, YDIV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for YDIV in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.93
When analyzing the support we notice one important area.
- A support zone ranging from 17.10 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.49 to 17.51. 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 YDIV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for YDIV is neutral. |
| ChartMill Relative Strength | 30.94 | NEUTRAL | YDIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of YDIV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of YDIV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YDIV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.35 | NEUTRAL | The RSI value for YDIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests YDIV has a positive trend. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for YDIV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for YDIV suggests low volalility. |
First Trust Intl Multi-Asst Divers Inc
NASDAQ:YDIV (8/29/2018, 8:16:23 PM)
17.48
+0.04 (+0.2%)