Technical Analysis for NVD - GraniteShares 1.5x Short NVDA Daily ETF

Grade Last Price % Change Price Change
F 4.46 -7.47% -0.36
NVD closed down 7.47 percent on Monday, May 6, 2024, on 1.36 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish -7.47%
NR7 Range Contraction -7.47%
Narrow Range Bar Range Contraction -7.47%
Stochastic Reached Oversold Weakness -7.47%
Wide Bands Range Expansion -7.47%
Gapped Down Weakness -7.47%

   Recent Intraday Alerts

Alert Time
Fell Below Lower Bollinger Band about 8 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
2x Volume Pace about 10 hours ago
1.5x Volume Pace about 10 hours ago
Down 5% about 10 hours ago

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Profile

The fund is an actively managed exchange traded fund that attempts to replicate 1.5x the inverse (-150%) daily percentage change of the underlying stock by entering into a swap agreement on the underlying stock. The fund advisor aims to generate the inverse daily performance of the underlying stock for a single day.
Classification

Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Swaps

Is NVD 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 31.4542
52 Week Low 4.43
Average Volume 4,639,336
200-Day Moving Average 0.00
50-Day Moving Average 5.49
20-Day Moving Average 5.45
10-Day Moving Average 5.26
Average True Range 0.51
RSI (14) 38.27
ADX 18.69
+DI 22.37
-DI 28.94
Chandelier Exit (Long, 3 ATRs) 5.33
Chandelier Exit (Short, 3 ATRs) 5.98
Upper Bollinger Bands 6.49
Lower Bollinger Band 4.41
Percent B (%b) 0.02
BandWidth 38.14
MACD Line -0.26
MACD Signal Line -0.20
MACD Histogram -0.0668
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.96
Resistance 3 (R3) 5.01 4.89 4.87
Resistance 2 (R2) 4.89 4.77 4.87 4.85
Resistance 1 (R1) 4.68 4.69 4.62 4.63 4.82
Pivot Point 4.56 4.56 4.54 4.54 4.56
Support 1 (S1) 4.35 4.44 4.29 4.29 4.10
Support 2 (S2) 4.23 4.36 4.21 4.07
Support 3 (S3) 4.02 4.23 4.05
Support 4 (S4) 3.96