Technical Analysis for SKRE - Tuttle Capital Daily 2X Inverse Regional Banks ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 24.55 | -2.23% | -0.56 |
SKRE closed down 2.23 percent on Friday, May 3, 2024, on 68 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 oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | -2.23% | |
| Calm After Storm | Range Contraction | -2.23% | |
| Inside Day | Range Contraction | -2.23% |
| Alert | Time |
|---|---|
| Possible NR7 | 3 days ago |
| 60 Minute Opening Range Breakout | 3 days ago |
| Fell Below Lower Bollinger Band | 3 days ago |
| Gapped Down (Full) | 3 days ago |
| 2x Volume Pace | 3 days ago |
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The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to TSLA equal to at least 80% of the fund"s net assets (plus any borrowings for investment purposes ). The fund advisor seeks daily leveraged inverse investment results and the fund is very different from most other exchange-traded funds and presents different and greater risks. The fund is non-diversified.
Keywords: Exchange Traded Funds Private Equity Investment Management Inverse Exchange Traded Fund Swaps Exchange Traded Products
Classification
Keywords: Exchange Traded Funds Private Equity Investment Management Inverse Exchange Traded Fund Swaps Exchange Traded Products
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 30.3599 |
| 52 Week Low | 22.79 |
| Average Volume | 44,394 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 26.50 |
| 20-Day Moving Average | 26.66 |
| 10-Day Moving Average | 25.82 |
| Average True Range | 1.14 |
| RSI (14) | 39.76 |
| ADX | 15.04 |
| +DI | 20.27 |
| -DI | 36.71 |
| Chandelier Exit (Long, 3 ATRs) | 25.84 |
| Chandelier Exit (Short, 3 ATRs) | 27.46 |
| Upper Bollinger Bands | 29.36 |
| Lower Bollinger Band | 23.96 |
| Percent B (%b) | 0.11 |
| BandWidth | 20.24 |
| MACD Line | -0.28 |
| MACD Signal Line | -0.04 |
| MACD Histogram | -0.2405 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.31 | ||||
| Resistance 3 (R3) | 25.23 | 24.90 | 25.19 | ||
| Resistance 2 (R2) | 24.90 | 24.70 | 24.94 | 25.14 | |
| Resistance 1 (R1) | 24.72 | 24.58 | 24.81 | 24.80 | 25.10 |
| Pivot Point | 24.39 | 24.39 | 24.43 | 24.43 | 24.39 |
| Support 1 (S1) | 24.21 | 24.19 | 24.30 | 24.30 | 24.00 |
| Support 2 (S2) | 23.88 | 24.07 | 23.92 | 23.96 | |
| Support 3 (S3) | 23.70 | 23.88 | 23.91 | ||
| Support 4 (S4) | 23.79 |
