DRX DLY FTSE CHINA BULL 3X (YINN) Stock Technical Analysis
NYSEARCA:YINN - US25460G1958 - ETF
46.8 USD
+1.13 (+2.47%)
46.88 USD
+0.08 (+0.17%)
Overall YINN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, YINN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, YINN did better than 94% of all other stocks. On top of that, YINN also shows a nice and consistent pattern of rising prices.
YINN has an average volume of 2904440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
YINN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so YINN is lagging the market.
In the last month YINN has a been trading in the 41.58 - 49.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
YINN has an excellent technical rating and also presents a decent setup pattern. 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 47.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.14, a Stop Loss order could be placed below this zone.
More info and screens
28.75
48.96
5 important support areas can be observed.
- A support zone ranging from 45.14 to 45.14. 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 42.90 to 43.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.53 to 40.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.98 from a trend line in the weekly time frame.
- Support @29.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.95 to 48.48. This zone is formed by a combination of multiple trend lines 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 YINN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for YINN is neutral. |
| ChartMill Relative Strength | 94.78 | POSITIVE | YINN has a high relative strength, it outperformed 94.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YINN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YINN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YINN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for YINN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests YINN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.87 | NEUTRAL | The Stochastics value for YINN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for YINN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.19 | NEGATIVE | The low ADX value for YINN suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.49 | 45.13 | 3.36 (6.93%) | 14.43% |
| An entry @48.49. This is a Buy Stop order right above the resistance zone. | An exit @45.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.36 points, which is 6.93%. | When investing 14.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.8
+1.13 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.47%
1 Week-2.78%
2 Weeks3.43%
1 Month15.44%
3 Month34.83%
6 Month14.68%
12 Month107.26%
2 Year42.81%
3 Year-29.97%
5 Year-86.2%
10 Year-87.69%
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%3.85%
ATR Inc-20.5%
Range Today1.43
ADR(20)1.12
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.78
Mansfield1.96
10 Day High49.5
10 Day Low43.88
20 Day High49.5
20 Day Low41.58
52 Week High59.26
52 Week Low19.67
CS1 End45.14
CR1 Start47.95
Volume & EV
DER(3)1%
DER(5)1.39%
Volume3.38M
Volume Incr15.78%
Vol(5)3.48M
Vol(50)2.90M