Technical Analysis for SPYT - Defiance S&P 500 Target Income ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | N/A | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
New 52 Week Closing High | Bullish | 0.00% | |
Stochastic Reached Overbought | Strength | 0.00% | |
Multiple of Ten Bullish | Other | 0.00% | |
Gapped Up | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
New 52 Week Closing High | Bullish | 0.55% | |
Volume Surge | Other | 0.55% | |
Inside Day | Range Contraction | 0.55% | |
Gapped Down | Weakness | 0.55% |
Alert | Time |
---|---|
Rose Above Previous Day's High | about 11 hours ago |
2x Volume Pace | about 11 hours ago |
1.5x Volume Pace | about 11 hours ago |
Gap Down Partially Closed | 1 day ago |
Gap Down Closed | 1 day ago |
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Defiance S&P 500 Target Income ETF Description
SPYT is actively managed which seeks daily income and consistent monthly distributions by utilizing an index credit spread option strategy. The strategy involves daily selling of S&P 500 credit call spreads that are either at-the-money or near-the-money, with near-term expirations, and buying call options at a higher strike price. The sold option positions become profitable if the S&P 500 Indexs value increases above the call spreads cap. Additionally, the fund targets an annual income level of 20% and aims to hold cash or US Treasurys up to 10% of the portfolio as collateral for the option strategy. Even during periods of adverse market conditions, the fund will not seek defensive positions, nor directly or fully participate in the gains of the index. As such, the funds risk and return potential will fluctuate daily.
Classification
Keywords: Options Contract Law Options Strategy
Top 10 Components
Symbol | Grade | Price % Change | Allocation | |
---|---|---|---|---|
IVV | A | 0.44 | 97.19 |
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 20.0776 |
52 Week Low | 18.6531 |
Average Volume | 75,766 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 19.52 |
20-Day Moving Average | 19.77 |
10-Day Moving Average | 19.89 |
Average True Range | 0.14 |
RSI (14) | 69.42 |
ADX | 29.07 |
+DI | 29.32 |
-DI | 8.64 |
Chandelier Exit (Long, 3 ATRs) | 19.63 |
Chandelier Exit (Short, 3 ATRs) | 19.57 |
Upper Bollinger Bands | 20.12 |
Lower Bollinger Band | 19.42 |
Percent B (%b) | 0.91 |
BandWidth | 3.56 |
MACD Line | 0.12 |
MACD Signal Line | 0.11 |
MACD Histogram | 0.0116 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 20.24 | ||||
Resistance 3 (R3) | 20.22 | 20.14 | 20.21 | ||
Resistance 2 (R2) | 20.14 | 20.09 | 20.15 | 20.20 | |
Resistance 1 (R1) | 20.10 | 20.07 | 20.12 | 20.12 | 20.19 |
Pivot Point | 20.02 | 20.02 | 20.03 | 20.03 | 20.02 |
Support 1 (S1) | 19.98 | 19.97 | 20.00 | 20.00 | 19.93 |
Support 2 (S2) | 19.90 | 19.95 | 19.91 | 19.92 | |
Support 3 (S3) | 19.86 | 19.90 | 19.91 | ||
Support 4 (S4) | 19.88 |