ROUNDHILL ETR CO CALL ST ETF (YETH) Stock Technical Analysis
NYSEARCA:YETH - NYSE Arca - US77926X8415 - ETF - Currency: USD
Taking everything into account, YETH scores 2 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. YETH was also a bad performer in the overall market in the last year.
Although the technical rating is bad, YETH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 25.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for YETH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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23.02
3 important support areas can be observed.
- A support zone ranging from 24.52 to 25.01. 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 23.69 to 23.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @23.25 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @25.33 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 25.93 to 26.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.66 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 | DOWN | NEGATIVE | The long term trend for YETH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YETH is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | YETH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of YETH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YETH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YETH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.34 | NEUTRAL | The RSI value for YETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests YETH has a positive trend. |
| Stochastics (14,3) | 93.23 | OVERBOUGHT | The high Stochastics value suggests YETH may be overbought. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for YETH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.57 | NEGATIVE | The low ADX value for YETH suggests a weak or negative trend. |
25.31
-0.02 (-0.08%)