Horizons S&P 500 Covered Call (HSPX) Stock Technical Analysis
NYSEARCA:HSPX - NYSE Arca -
Overall HSPX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HSPX is only an average performer.
Warning: HSPX has an average volume of 16201 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month HSPX has a been trading in the 42.81 - 45.71 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, HSPX turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
HSPX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
HSPX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
39.71
45.70
5 important support areas can be observed.
- A support zone ranging from 44.38 to 44.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.18 to 43.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.43 from a horizontal line in the daily time frame.
- A support zone ranging from 41.22 to 41.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.11 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.86 to 45.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.57
Mansfield-1.22
10 Day High45.71
10 Day Low44.19
20 Day High45.71
20 Day Low42.81
52 Week High52.89
52 Week Low33.92
Performance
1 Week0.05%
2 Weeks0.86%
1 Month3.97%
3 Month7.46%
6 Month-13.48%
12 Month-5.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)63.52
LBB44.28
UBB45.21
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.26 | 44.37 | 0.89 (1.97%) | 25.00% |
| An entry @45.26. This is a Buy Stop order right above the resistance zone. | An exit @44.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.89 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of HSPX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:HSPX (8/20/2020, 8:04:00 PM)
44.8627
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week0.05%
2 Weeks0.86%
1 Month3.97%
3 Month7.46%
6 Month-13.48%
12 Month-5.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%1.39%
ATR Inc-41.08%
Range Today0.31
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.57
Mansfield-1.22
10 Day High45.71
10 Day Low44.19
20 Day High45.71
20 Day Low42.81
52 Week High52.89
52 Week Low33.92
CS1 End44.67
CR1 Start44.86
Volume & EV
DER(3)-2.66%
DER(5)-1.93%
Volume7.67K
Volume Incr-34.63%
Vol(5)10.50K
Vol(50)16.20K