Technical Analysis for OVT - Overlay Shares Short Term Bond ETF

Grade Last Price % Change Price Change
C 22.21 -0.15% -0.03
OVT closed down 0.15 percent on Wednesday, November 20, 2024, on 6 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Down Flat

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gapped Down Weakness 0.00%
Pocket Pivot Bullish Swing Setup -0.15%
Narrow Range Bar Range Contraction -0.15%
Inside Day Range Contraction -0.15%
Pocket Pivot Bullish Swing Setup -0.09%
Gapped Up Strength -0.09%
NR7 Range Contraction 0.08%

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Profile

The investment seeks total return. The fund is an actively-managed 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 short-term, investment grade, U.S. dollar-denominated, fixed-rate taxable bonds with a dollar-weighted average maturity of no more than three years with a maximum maturity of five years 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.
Classification

Keywords: Exchange Traded Funds Bond

Is OVT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.8617
52 Week Low 20.9869
Average Volume 59,310
200-Day Moving Average 22.17
50-Day Moving Average 22.45
20-Day Moving Average 22.26
10-Day Moving Average 22.29
Average True Range 0.07
RSI (14) 40.83
ADX 21.27
+DI 17.83
-DI 31.58
Chandelier Exit (Long, 3 ATRs) 22.18
Chandelier Exit (Short, 3 ATRs) 22.33
Upper Bollinger Bands 22.41
Lower Bollinger Band 22.11
Percent B (%b) 0.33
BandWidth 1.36
MACD Line -0.05
MACD Signal Line -0.05
MACD Histogram 0.0034
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.30
Resistance 3 (R3) 22.29 22.25 22.28
Resistance 2 (R2) 22.25 22.23 22.25 22.28
Resistance 1 (R1) 22.23 22.21 22.24 22.24 22.27
Pivot Point 22.19 22.19 22.19 22.19 22.19
Support 1 (S1) 22.17 22.17 22.18 22.18 22.14
Support 2 (S2) 22.13 22.15 22.13 22.14
Support 3 (S3) 22.11 22.13 22.13
Support 4 (S4) 22.12