Technical Analysis for OVS - Overlay Shares Small Cap Equity ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 33.73 | -1.86% | -0.64 |
OVS closed down 1.86 percent on Friday, September 6, 2024, on 3 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | -1.86% | |
| MACD Bearish Signal Line Cross | Bearish | -1.86% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | -1.86% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 4 days ago |
| Rose Above Previous Day's High | 17 days ago |
| Up 1% | 17 days ago |
| Up 1 ATR | 17 days ago |
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Basic chart:
The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. small cap equity securities or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund
Classification
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 36.53 |
| 52 Week Low | 25.4482 |
| Average Volume | 1,087 |
| 200-Day Moving Average | 32.36 |
| 50-Day Moving Average | 34.29 |
| 20-Day Moving Average | 34.60 |
| 10-Day Moving Average | 35.11 |
| Average True Range | 0.50 |
| RSI (14) | 41.86 |
| ADX | 15.33 |
| +DI | 36.90 |
| -DI | 46.99 |
| Chandelier Exit (Long, 3 ATRs) | 34.36 |
| Chandelier Exit (Short, 3 ATRs) | 34.15 |
| Upper Bollinger Bands | 36.32 |
| Lower Bollinger Band | 32.89 |
| Percent B (%b) | 0.25 |
| BandWidth | 9.92 |
| MACD Line | 0.13 |
| MACD Signal Line | 0.25 |
| MACD Histogram | -0.1254 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 33.73 | ||||
| Resistance 3 (R3) | 33.73 | 33.73 | 33.73 | ||
| Resistance 2 (R2) | 33.73 | 33.73 | 33.73 | 33.73 | |
| Resistance 1 (R1) | 33.73 | 33.73 | 33.73 | 33.73 | 33.73 |
| Pivot Point | 33.73 | 33.73 | 33.73 | 33.73 | 33.73 |
| Support 1 (S1) | 33.73 | 33.73 | 33.73 | 33.73 | 33.73 |
| Support 2 (S2) | 33.73 | 33.73 | 33.73 | 33.73 | |
| Support 3 (S3) | 33.73 | 33.73 | 33.73 | ||
| Support 4 (S4) | 33.73 |
