Global X S&P 500 Covered Call ETF (XYLD)

Global X S&P 500 Covered Call ETF is trading at $41.95, up 0.05% on the session. The 50 day average sits at $41.59 and the 200 day at $40.74, which puts the stock in a uptrend. RSI is at 63.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $41.47 with resistance near $41.95, so that band frames the current range. Average daily movement is roughly $0.15, or about 0.4% of the share price, which is what any stop placement has to allow for. The overall health score of 85 out of 100 combines a trend score of 93, momentum of 77 and a risk score of 84.

The fund invests at least 80% of its total assets in the securities of the Cboe S&P 500 BuyWrite Index (the “underlying index”) or in investments that have economic characteristics that are similar to the economic characteristics of the component securities of the underlying index, either individually or in the aggregate.