Technical Analysis for AMDL - GraniteShares 2x Long AMD Daily ETF

Grade Last Price % Change Price Change
F 10.20 -2.58% -0.27
AMDL closed down 2.58 percent on Wednesday, November 20, 2024, on 1.41 times normal volume.
2 Watchers
Watchlist Portfolio

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
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -2.58%
Narrow Range Bar Range Contraction -2.58%
Wide Bands Range Expansion -2.58%
Gapped Down Weakness -2.58%
Oversold Stochastic Weakness -2.58%
Slingshot Bearish Bearish Swing Setup -2.02%
Stochastic Buy Signal Bullish -2.02%

   Recent Intraday Alerts

Alert Time
Down 5% about 17 hours ago
60 Minute Opening Range Breakdown about 19 hours ago
2x Volume Pace about 20 hours ago
1.5x Volume Pace about 20 hours ago
3x Volume Pace about 20 hours ago

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GraniteShares 2x Long AMD Daily ETF Description

AMDL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Advanced Micro Devices stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested


Classification

Keywords: Exchange Traded Fund Financial Regulation Short Term Tactical Tool

Is AMDL 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 25.62
52 Week Low 8.75
Average Volume 2,837,635
200-Day Moving Average 0.00
50-Day Moving Average 13.29
20-Day Moving Average 11.62
10-Day Moving Average 10.88
Average True Range 0.79
RSI (14) 37.11
ADX 19.43
+DI 20.27
-DI 34.23
Chandelier Exit (Long, 3 ATRs) 13.15
Chandelier Exit (Short, 3 ATRs) 12.01
Upper Bollinger Bands 14.42
Lower Bollinger Band 8.81
Percent B (%b) 0.25
BandWidth 48.25
MACD Line -0.90
MACD Signal Line -0.82
MACD Histogram -0.0824
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.95
Resistance 3 (R3) 10.93 10.65 10.83
Resistance 2 (R2) 10.65 10.46 10.67 10.78
Resistance 1 (R1) 10.43 10.34 10.29 10.45 10.74
Pivot Point 10.15 10.15 10.09 10.17 10.15
Support 1 (S1) 9.93 9.96 9.79 9.95 9.66
Support 2 (S2) 9.65 9.84 9.67 9.62
Support 3 (S3) 9.43 9.65 9.58
Support 4 (S4) 9.45