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 3 out of 10. In the past year, YMAG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, YMAG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.21
2 important support areas can be observed.
- Support @14.89 from a horizontal line 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 15.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.92 to 16.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @17.73 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 | UP | POSITIVE | The short term trend for YMAG is up. |
| ChartMill Relative Strength | 18.08 | NEGATIVE | YMAG has a low relative strength, it was outperformed by 81.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of YMAG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of YMAG is below 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) | 58.86 | NEUTRAL | The RSI value for YMAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests YMAG has a positive trend. |
| Stochastics (14,3) | 87 | OVERBOUGHT | The high Stochastics value suggests YMAG may be overbought. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for YMAG suggests low volalility. |
| Average Directional Index/ADX (14) | 10.87 | NEGATIVE | The low ADX value for YMAG suggests a weak or negative trend. |
NYSEARCA:YMAG (7/24/2025, 4:07:41 PM)
15.27
-0.06 (-0.39%)