Technical Analysis for BDCX - ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 33.73 | 1.60% | 0.53 |
BDCX closed up 1.6 percent on Monday, May 6, 2024, on 18 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| NR7 | Range Contraction | 1.60% | |
| Narrow Range Bar | Range Contraction | 1.60% | |
| Inside Day | Range Contraction | 1.60% | |
| Gapped Up | Strength | 1.60% | |
| Overbought Stochastic | Strength | 1.60% |
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Basic chart:
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.
Keywords: Exchange Traded Fund Business Development New York Stock Exchange Wells Fargo
Classification
Keywords: Exchange Traded Fund Business Development New York Stock Exchange Wells Fargo
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.7272 |
| 52 Week Low | 22.7981 |
| Average Volume | 3,471 |
| 200-Day Moving Average | 29.59 |
| 50-Day Moving Average | 31.93 |
| 20-Day Moving Average | 32.64 |
| 10-Day Moving Average | 33.21 |
| Average True Range | 0.48 |
| RSI (14) | 64.54 |
| ADX | 26.08 |
| +DI | 40.61 |
| -DI | 28.04 |
| Chandelier Exit (Long, 3 ATRs) | 32.29 |
| Chandelier Exit (Short, 3 ATRs) | 32.43 |
| Upper Bollinger Bands | 33.95 |
| Lower Bollinger Band | 31.34 |
| Percent B (%b) | 0.92 |
| BandWidth | 7.98 |
| MACD Line | 0.44 |
| MACD Signal Line | 0.39 |
| MACD Histogram | 0.0508 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 34.05 | ||||
| Resistance 3 (R3) | 34.02 | 33.87 | 34.00 | ||
| Resistance 2 (R2) | 33.87 | 33.79 | 33.89 | 33.98 | |
| Resistance 1 (R1) | 33.80 | 33.74 | 33.84 | 33.84 | 33.96 |
| Pivot Point | 33.65 | 33.65 | 33.67 | 33.67 | 33.65 |
| Support 1 (S1) | 33.58 | 33.57 | 33.62 | 33.62 | 33.49 |
| Support 2 (S2) | 33.44 | 33.52 | 33.46 | 33.47 | |
| Support 3 (S3) | 33.37 | 33.44 | 33.46 | ||
| Support 4 (S4) | 33.40 |
