AMPLIFY HIGH INCOME ETF (YYY) Stock Technical Analysis
NYSEARCA:YYY - NYSE Arca - US0321088470 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to YYY. In the past year, YYY 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.
YYY 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 11.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for YYY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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10.31
2 important support areas can be observed.
- A support zone ranging from 11.19 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.43 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.91 to 12.06. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for YYY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YYY is up. |
| ChartMill Relative Strength | 39.5 | NEUTRAL | YYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of YYY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YYY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.91 | NEUTRAL | The RSI value for YYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests YYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.88 | NEUTRAL | The Stochastics value for YYY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for YYY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.91 | NEGATIVE | The low ADX value for YYY suggests a weak or negative trend. |
NYSEARCA:YYY (5/29/2025, 11:48:35 AM)
11.38
+0.04 (+0.35%)