Technical Analysis for AMDL - GraniteShares 2x Long AMD Daily ETF

Grade Last Price % Change Price Change
D 15.62 6.40% 0.94
AMDL closed up 5.99 percent on Friday, May 3, 2024, on 1.61 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Calm After Storm Range Contraction 6.40%
NR7 Range Contraction 6.40%
Narrow Range Bar Range Contraction 6.40%
Wide Bands Range Expansion 6.40%
Gapped Up Strength 6.40%
Calm After Storm Range Contraction 12.78%
New 52 Week Low Weakness 12.78%
Wide Bands Range Expansion 12.78%
New 52 Week Closing Low Bearish 15.45%
New 52 Week Low Weakness 15.45%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 44 minutes ago
Rose Above 10 DMA 44 minutes ago
2x Volume Pace 44 minutes ago
1.5x Volume Pace 44 minutes ago
Up 5% 44 minutes ago

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GraniteShares 2x Long AMD Daily ETF Description

AMDL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Advanced Micro Devices stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested


Classification

Keywords: Exchange Traded Fund Financial Regulation Short Term Tactical Tool

Is AMDL 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 25.62
52 Week Low 12.92
Average Volume 308,286
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 16.43
10-Day Moving Average 15.25
Average True Range 1.47
RSI (14) 35.06
ADX 47.54
+DI 16.25
-DI 39.91
Chandelier Exit (Long, 3 ATRs) 18.30
Chandelier Exit (Short, 3 ATRs) 17.33
Upper Bollinger Bands 20.12
Lower Bollinger Band 12.73
Percent B (%b) 0.26
BandWidth 44.99
MACD Line -1.98
MACD Signal Line -2.05
MACD Histogram 0.0753
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.63
Resistance 3 (R3) 15.54 15.13 15.47
Resistance 2 (R2) 15.13 14.89 15.18 15.42
Resistance 1 (R1) 14.90 14.74 15.02 15.00 15.37
Pivot Point 14.49 14.49 14.55 14.54 14.49
Support 1 (S1) 14.27 14.25 14.38 14.36 13.99
Support 2 (S2) 13.86 14.10 13.91 13.94
Support 3 (S3) 13.64 13.86 13.89
Support 4 (S4) 13.73