AMPLIFY HIGH INCOME ETF (YYY) Stock Technical Analysis
NYSEARCA:YYY - NYSE Arca - US0321088470 - ETF - Currency: USD
Taking everything into account, YYY scores 6 out of 10 in our technical rating. YYY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
YYY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so YYY is lagging the market slightly.
When compared to the yearly performance of all other stocks, YYY outperforms 41% of them, which is more or less in line with the market.
In the last month YYY has a been trading in a tight range between 11.60 and 11.84.
Although the technical rating is only medium, YYY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.68, a Stop Loss order could be placed below this zone.
More info and screens
10.31
12.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.56 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.32 from a horizontal line in the daily time frame.
- A support zone ranging from 10.41 to 10.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.74 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.30 to 12.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 YYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YYY is up. |
| ChartMill Relative Strength | 41.54 | NEUTRAL | YYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of YYY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of YYY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.64 | NEUTRAL | The RSI value for YYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests YYY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.44 | NEUTRAL | The Stochastics value for YYY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for YYY suggests low volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for YYY 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.83 | 11.67 | 0.16 (1.35%) | 25.00% |
| An entry @11.83. This is a Buy Stop order right above the 10 day high. | An exit @11.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 1.35%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.74
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week0.34%
2 Weeks0.09%
1 Month1.38%
3 Month5.29%
6 Month-2.13%
12 Month-1.68%
2 Year-1.26%
3 Year-11.4%
5 Year-20.3%
10 Year-40.38%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.6%
ATR Inc-11.46%
Range Today0.07
ADR(20)0.07
ADR(20)%0.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.54
Mansfield-0.79
10 Day High11.82
10 Day Low11.68
20 Day High11.84
20 Day Low11.6
52 Week High12.4
52 Week Low9.87
CS1 End11.68
CR1 Start11.74
Volume & EV
DER(3)2.06%
DER(5)0.53%
Volume206.90K
Volume Incr-16.6%
Vol(5)200.26K
Vol(50)225.36K