Technical Analysis for SPYT - Defiance S&P 500 Target Income ETF

Grade Last Price % Change Price Change
A 20.16 0.10% 0.02
SPYT closed up 0.1 percent on Wednesday, November 13, 2024, on 45 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Walk Strength 0.10%
Overbought Stochastic Strength 0.10%
New 52 Week High Strength -0.10%
Upper Bollinger Band Walk Strength -0.10%
Gapped Up Strength -0.10%
Overbought Stochastic Strength -0.10%
Upper Bollinger Band Touch Strength -0.10%
New 52 Week Closing High Bullish -0.10%

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Profile

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

Is SPYT 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 20.26
52 Week Low 17.3785
Average Volume 84,212
200-Day Moving Average 0.00
50-Day Moving Average 19.42
20-Day Moving Average 19.75
10-Day Moving Average 19.83
Average True Range 0.17
RSI (14) 67.32
ADX 27.99
+DI 35.50
-DI 18.36
Chandelier Exit (Long, 3 ATRs) 19.75
Chandelier Exit (Short, 3 ATRs) 19.76
Upper Bollinger Bands 20.31
Lower Bollinger Band 19.18
Percent B (%b) 0.86
BandWidth 5.72
MACD Line 0.19
MACD Signal Line 0.14
MACD Histogram 0.0496
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.31
Resistance 3 (R3) 20.30 20.25 20.28
Resistance 2 (R2) 20.25 20.21 20.25 20.28
Resistance 1 (R1) 20.20 20.18 20.22 20.21 20.27
Pivot Point 20.15 20.15 20.16 20.15 20.15
Support 1 (S1) 20.10 20.11 20.13 20.11 20.05
Support 2 (S2) 20.05 20.09 20.05 20.04
Support 3 (S3) 20.01 20.05 20.04
Support 4 (S4) 20.01