DRX DLY FTSE CHINA BULL 3X (YINN) Stock Technical Analysis
NYSEARCA:YINN - NYSE Arca - US25460G1958 - ETF - Currency: USD
Overall YINN gets a technical rating of 8 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, YINN did better than 87% of all other stocks.
In the last month YINN has a been trading in the 34.11 - 40.36 range, which is quite wide. It is currently trading near the high of this range.
YINN has an average volume of 5898660 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 trading in the upper part of its 52 week range, so YINN is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although YINN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.79
49.57
When analyzing the support we can see 5 important areas.
- A support zone ranging from 36.20 to 36.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.70 to 34.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.30 from a trend line in the weekly time frame.
- Support @26.89 from a trend line in the weekly time frame.
- Support @23.02 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 39.54 to 39.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.25 from a trend line in the weekly time frame.
- Resistance @49.08 from a trend 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 YINN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YINN is up. |
| ChartMill Relative Strength | 87.88 | POSITIVE | YINN has a high relative strength, it outperformed 87.88% 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) | DOWN | MIXED | The current price of YINN is above a declining 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) | 59.41 | NEUTRAL | The RSI value for YINN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests YINN has a positive trend. |
| Stochastics (14,3) | 86.42 | OVERBOUGHT | The high Stochastics value suggests YINN may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for YINN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.1 | 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)
39.53
-0.16 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week13.89%
2 Weeks4.8%
1 Month12.11%
3 Month-15.26%
6 Month36.26%
12 Month63.62%
2 Year15.38%
3 Year-59.92%
5 Year-84.94%
10 Year-95.54%
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%4.06%
ATR Inc-1.76%
Range Today1.23
ADR(20)0.99
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.88
Mansfield2.14
10 Day High40.36
10 Day Low34.11
20 Day High40.36
20 Day Low34.11
52 Week High59.26
52 Week Low18.49
CS1 End36.43
CR1 Start39.54
Volume & EV
DER(3)4.66%
DER(5)3.45%
Volume2.83M
Volume Incr-14.09%
Vol(5)3.49M
Vol(50)5.90M