Technical Analysis for AMZZ - GraniteShares 2x Long AMZN Daily ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | N/A | Up | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
20 DMA Support | Bullish | 0.00% | |
Calm After Storm | Range Contraction | 0.00% | |
NR7 | Range Contraction | 0.00% | |
Multiple of Ten Bullish | Other | 0.00% | |
Inside Day | Range Contraction | 0.00% | |
Wide Bands | Range Expansion | 0.00% | |
Gapped Down | Weakness | 0.00% | |
MACD Bearish Signal Line Cross | Bearish | -1.77% | |
20 DMA Support | Bullish | -1.77% | |
Bullish Engulfing | Bullish | -1.77% |
Alert | Time |
---|---|
Gapped Down (Partial) | about 21 hours ago |
Down 1% | about 21 hours ago |
Rose Above Previous Day's High | 1 day ago |
Outside Day | 1 day ago |
Up 3% | 1 day ago |
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GraniteShares 2x Long AMZN Daily ETF Description
AMZZ is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Amazon 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
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 34.1176 |
52 Week Low | 17.51 |
Average Volume | 139,753 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 27.57 |
20-Day Moving Average | 29.53 |
10-Day Moving Average | 31.42 |
Average True Range | 1.49 |
RSI (14) | 53.49 |
ADX | 20.22 |
+DI | 29.26 |
-DI | 26.68 |
Chandelier Exit (Long, 3 ATRs) | 29.63 |
Chandelier Exit (Short, 3 ATRs) | 29.56 |
Upper Bollinger Bands | 34.40 |
Lower Bollinger Band | 24.66 |
Percent B (%b) | 0.55 |
BandWidth | 32.98 |
MACD Line | 1.16 |
MACD Signal Line | 1.32 |
MACD Histogram | -0.1529 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 31.52 | ||||
Resistance 3 (R3) | 31.35 | 30.69 | 31.27 | ||
Resistance 2 (R2) | 30.69 | 30.31 | 30.77 | 31.18 | |
Resistance 1 (R1) | 30.36 | 30.08 | 30.53 | 30.53 | 31.10 |
Pivot Point | 29.70 | 29.70 | 29.78 | 29.78 | 29.70 |
Support 1 (S1) | 29.37 | 29.32 | 29.54 | 29.54 | 28.96 |
Support 2 (S2) | 28.71 | 29.09 | 28.79 | 28.88 | |
Support 3 (S3) | 28.38 | 28.71 | 28.79 | ||
Support 4 (S4) | 28.55 |