ADVISORSHARES PURE CANNABIS (YOLO) Stock Technical Analysis
NYSEARCA:YOLO - NYSE Arca - US00768Y4952 - ETF - Currency: USD
Overall YOLO gets a technical rating of 1 out of 10. YOLO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than YOLO.
YOLO 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 YOLO is lagging the market.
In the last month YOLO has a been trading in the 1.75 - 2.00 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of YOLO 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
1.74
2.55
We can see 4 important resistance areas.
- A resistance zone ranging from 1.85 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.98 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.03 from a horizontal line in the daily time frame.
- Resistance @2.52 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 YOLO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YOLO is down. |
| ChartMill Relative Strength | 11.1 | NEGATIVE | YOLO has a low relative strength, it was outperformed by 88.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YOLO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of YOLO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YOLO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.48 | NEUTRAL | The RSI value for YOLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests YOLO has a negative trend. |
| Stochastics (14,3) | 6.56 | OVERSOLD | The low Stochastics value suggests YOLO may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for YOLO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for YOLO suggests a possible start of a new 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)
1.76
-0.05 (-2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.76%
1 Week-5.02%
2 Weeks-9.28%
1 Month-11.11%
3 Month-1.95%
6 Month-25.11%
12 Month-47.84%
2 Year-31.52%
3 Year-66.54%
5 Year-82.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.13%
ATR Inc-7.45%
Range Today0.04
ADR(20)0.05
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.1
Mansfield-3.4
10 Day High1.97
10 Day Low1.75
20 Day High2
20 Day Low1.75
52 Week High3.67
52 Week Low1.45
CS1 EndN/A
CR1 Start1.85
Volume & EV
DER(3)0.73%
DER(5)4.79%
Volume55.00K
Volume Incr-21.79%
Vol(5)37.30K
Vol(50)45.13K