Technical Analysis for BNKU - MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 30.08 | 1.79% | 0.53 |
BNKU closed up 1.79 percent on Friday, May 3, 2024, on 39 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 1.79% | |
| Multiple of Ten Bearish | Other | 1.79% | |
| Inside Day | Range Contraction | 1.79% | |
| Gapped Up | Strength | 1.79% |
| Alert | Time |
|---|---|
| Possible NR7 | 3 days ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| Non-ADX 1,2,3,4 Pullback Entry | 3 days ago |
| Rose Above Previous Day's High | 3 days ago |
| Up 3% | 3 days ago |
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Basic chart:
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index.
The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Banking Debt Leverage
Classification
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Banking Debt Leverage
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 31.44 |
| 52 Week Low | 10.3299 |
| Average Volume | 411,145 |
| 200-Day Moving Average | 20.34 |
| 50-Day Moving Average | 27.58 |
| 20-Day Moving Average | 28.39 |
| 10-Day Moving Average | 29.63 |
| Average True Range | 1.42 |
| RSI (14) | 58.85 |
| ADX | 19.57 |
| +DI | 27.34 |
| -DI | 17.93 |
| Chandelier Exit (Long, 3 ATRs) | 26.49 |
| Chandelier Exit (Short, 3 ATRs) | 28.96 |
| Upper Bollinger Bands | 31.99 |
| Lower Bollinger Band | 24.78 |
| Percent B (%b) | 0.74 |
| BandWidth | 25.38 |
| MACD Line | 0.59 |
| MACD Signal Line | 0.50 |
| MACD Histogram | 0.0913 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 31.22 | ||||
| Resistance 3 (R3) | 31.29 | 30.98 | 31.03 | ||
| Resistance 2 (R2) | 30.98 | 30.69 | 30.95 | 30.97 | |
| Resistance 1 (R1) | 30.53 | 30.51 | 30.38 | 30.46 | 30.90 |
| Pivot Point | 30.22 | 30.22 | 30.14 | 30.19 | 30.22 |
| Support 1 (S1) | 29.77 | 29.93 | 29.62 | 29.70 | 29.26 |
| Support 2 (S2) | 29.46 | 29.75 | 29.43 | 29.19 | |
| Support 3 (S3) | 29.01 | 29.46 | 29.13 | ||
| Support 4 (S4) | 28.94 |
