YIELDMAX MGNF 7 FU OP IN ETF (YMAG) Technical Analysis
NYSEARCA:YMAG • US88636J6423
Current stock price
YMAG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to YMAG. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, YMAG is a bad performer in the overall market: 84% of all stocks are doing better.
- YMAG is currently making a new 52 week low. This is a very bad signal. The S&P500 Index 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 11.51 - 12.91 range, which is quite wide. It is currently trading near the lows of this range.
- YMAG has an average volume of 1373600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
YMAG Weekly and Daily overview Charts
YMAG Setup Rating and Analysis
The technical rating of YMAG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
YMAG Support and Resistance Analysis
11.41
3 important resistance areas can be observed.
- A resistance zone ranging from 12.98 to 13.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.51 from a trend line in the daily time frame.
- A resistance zone ranging from 15.53 to 15.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
YMAG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for YMAG is down. |
| ChartMill Relative Strength | 16.62 | NEGATIVE | YMAG has a low relative strength, it was outperformed by 83.38% 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) | DOWN | NEGATIVE | The current price of YMAG is below a declining 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) | 23.09 | OVERSOLD | The low RSI value suggests YMAG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests YMAG has a negative trend. |
| Stochastics (14,3) | 5.77 | OVERSOLD | The low Stochastics value suggests YMAG may be oversold. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for YMAG suggests low volalility. |
| Average Directional Index/ADX (14) | 59.37 | POSITIVE | The high ADX value value for YMAG suggests a strong trend. |
YMAG Chart- and CandleStick Pattern Analysis
YMAG Technicals: Chart, Performance Metrics, Trend & Indicators
11.53
-0.28 (-2.37%)
YIELDMAX MGNF 7 FU OP IN ETF / YMAG TA FAQ
What is the ChartMill technical rating of YIELDMAX MGNF 7 FU OP IN ETF (YMAG) stock?
ChartMill assigns a technical rating of 0 / 10 to YMAG.
What is the trend direction for YMAG stock?
The current trend direction for YIELDMAX MGNF 7 FU OP IN ETF (YMAG) is Bearish.
What is the RSI signal for YIELDMAX MGNF 7 FU OP IN ETF (YMAG) stock?
YIELDMAX MGNF 7 FU OP IN ETF (YMAG) has an RSI value of 23.0873. This indicates that the stock is currently oversold.
What is the short term momentum for YIELDMAX MGNF 7 FU OP IN ETF (YMAG) stock?
The short term momentum for YIELDMAX MGNF 7 FU OP IN ETF (YMAG) is negative.
Can you provide the support and resistance levels for YIELDMAX MGNF 7 FU OP IN ETF?
YIELDMAX MGNF 7 FU OP IN ETF (YMAG) has a resistance level at 12.98. Check the full technical report for our detailed analysis of YMAG support and resistance levels.