Technical Analysis for BERZ - MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

Grade Last Price % Change Price Change
D 27.25 -4.39% -1.25
BERZ closed down 5.97 percent on Friday, May 3, 2024, on 1.45 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
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish -4.39%
MACD Bearish Signal Line Cross Bearish -4.39%
NR7 Range Contraction -4.39%
Gapped Down Weakness -4.39%
Volume Surge Other -10.10%
Inside Day Range Contraction -10.10%
Wide Bands Range Expansion -10.10%
Gapped Down Weakness -10.10%
Wide Bands Range Expansion -14.09%
Gapped Up Strength -14.09%

   Recent Intraday Alerts

Alert Time
2x Volume Pace 3 minutes ago
1.5x Volume Pace 3 minutes ago
3x Volume Pace 3 minutes ago
Down 3% 3 minutes ago
Fell Below 50 DMA 3 minutes ago

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MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.


Classification

Keywords: Direxion

Top 10 Components

Symbol Grade Price % Change Allocation
ADBE D 1.34 6.67
TSLA D 2.01 6.67
QCOM A 0.94 6.67
MU B 4.95 6.67
META D 0.76 6.67
INTC F 0.96 6.67
GOOGL A -0.53 6.67
CRM D 0.69 6.67
AMZN A -0.47 6.67
AMD D 3.12 6.67

Is BERZ 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 146.9
52 Week Low 24.5
Average Volume 83,986
200-Day Moving Average 48.78
50-Day Moving Average 28.00
20-Day Moving Average 29.43
10-Day Moving Average 30.47
Average True Range 1.81
RSI (14) 48.19
ADX 23.65
+DI 32.83
-DI 26.90
Chandelier Exit (Long, 3 ATRs) 29.03
Chandelier Exit (Short, 3 ATRs) 30.43
Upper Bollinger Bands 33.84
Lower Bollinger Band 25.03
Percent B (%b) 0.39
BandWidth 29.93
MACD Line 0.63
MACD Signal Line 0.74
MACD Histogram -0.1054
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.94
Resistance 3 (R3) 30.03 29.65 29.70
Resistance 2 (R2) 29.65 29.28 29.60 29.62
Resistance 1 (R1) 29.07 29.05 28.88 28.98 29.54
Pivot Point 28.69 28.69 28.59 28.64 28.69
Support 1 (S1) 28.11 28.32 27.92 28.02 27.46
Support 2 (S2) 27.73 28.09 27.68 27.38
Support 3 (S3) 27.15 27.73 27.30
Support 4 (S4) 27.06