YIELDMAX MGNF 7 FU OP IN ETF (YMAG) Stock Technical Analysis
NYSEARCA:YMAG - NYSE Arca - US88636J6423 - ETF - Currency: USD
Overall YMAG gets a technical rating of 1 out of 10. YMAG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
82% of all other stocks performed better in the past year than YMAG.
YMAG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so YMAG is lagging the market.
In the last month YMAG has a been trading in the 14.79 - 15.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
YMAG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 15.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.21, a Stop Loss order could be placed below this zone.
More info and screens
13.21
18.27
We found 2 important support areas.
- A support zone ranging from 15.01 to 15.21. 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 13.34 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.30 to 15.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.78 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.09 from a trend line in the weekly 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 YMAG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for YMAG is neutral. |
| ChartMill Relative Strength | 18.72 | NEGATIVE | YMAG has a low relative strength, it was outperformed by 81.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YMAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YMAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YMAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for YMAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests YMAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for YMAG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for YMAG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for YMAG 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)
15.24
+0.06 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week-0.65%
2 Weeks-1.42%
1 Month-2.99%
3 Month-1.17%
6 Month-22.36%
12 Month-25.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.61%
ATR Inc-37.78%
Range Today0.15
ADR(20)0.2
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.72
Mansfield-1.82
10 Day High15.53
10 Day Low14.79
20 Day High15.86
20 Day Low14.79
52 Week High21.91
52 Week Low12.85
CS1 End15.21
CR1 Start15.3
Volume & EV
DER(3)-0.68%
DER(5)2.35%
Volume696.70K
Volume Incr-17.69%
Vol(5)602.24K
Vol(50)522.49K