Technical Analysis for NVDQ - T-Rex 2X Inverse NVIDIA Daily Target ETF
| 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 | -7.44% | |
| NR7 | Range Contraction | -7.44% | |
| Narrow Range Bar | Range Contraction | -7.44% | |
| Stochastic Reached Oversold | Weakness | -7.44% | |
| Wide Bands | Range Expansion | -7.44% | |
| Gapped Down | Weakness | -7.44% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 9 hours ago |
| Fell Below Lower Bollinger Band | about 9 hours ago |
| 2x Volume Pace | about 10 hours ago |
| 1.5x Volume Pace | about 10 hours ago |
| 3x Volume Pace | about 10 hours ago |
Free Daily (Stock) Chart Reading
T-Rex 2X Inverse NVIDIA Daily Target ETF Description
NVDQ is designed for making bearish bets on the stock price of NVIDIA Corporation through swap agreements. The objective is to obtain daily leveraged exposure equivalent to -200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to NVDA's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. It's important to note that the fund could potentially lose money over time, even if NVDA's performance weakens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
Classification
Keywords: Swaps Money Market Fund Short Term Tactical Tool
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 31.0179 |
| 52 Week Low | 4.0285 |
| Average Volume | 3,919,696 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 4.99 |
| 20-Day Moving Average | 4.96 |
| 10-Day Moving Average | 4.78 |
| Average True Range | 0.47 |
| RSI (14) | 37.89 |
| ADX | 18.32 |
| +DI | 22.50 |
| -DI | 29.75 |
| Chandelier Exit (Long, 3 ATRs) | 4.84 |
| Chandelier Exit (Short, 3 ATRs) | 5.45 |
| Upper Bollinger Bands | 5.91 |
| Lower Bollinger Band | 4.01 |
| Percent B (%b) | 0.02 |
| BandWidth | 38.33 |
| MACD Line | -0.28 |
| MACD Signal Line | -0.23 |
| MACD Histogram | -0.0454 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 4.50 | ||||
| Resistance 3 (R3) | 4.55 | 4.44 | 4.42 | ||
| Resistance 2 (R2) | 4.44 | 4.33 | 4.42 | 4.40 | |
| Resistance 1 (R1) | 4.24 | 4.26 | 4.19 | 4.20 | 4.37 |
| Pivot Point | 4.14 | 4.14 | 4.12 | 4.12 | 4.14 |
| Support 1 (S1) | 3.94 | 4.03 | 3.89 | 3.89 | 3.72 |
| Support 2 (S2) | 3.84 | 3.95 | 3.82 | 3.69 | |
| Support 3 (S3) | 3.64 | 3.84 | 3.67 | ||
| Support 4 (S4) | 3.59 |
