Technical Analysis for AMZZ - GraniteShares 2x Long AMZN Daily ETF

Grade Last Price % Change Price Change
B 26.06 6.67% 1.63
AMZZ closed up 6.67 percent on Friday, April 26, 2024, on 1.22 times normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Flat

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
New 52 Week Closing Low Bearish 6.67%
New 52 Week Low Weakness 6.67%
Below Lower BB Weakness 6.67%
Gapped Down Weakness 6.67%
Lower Bollinger Band Touch Weakness 6.67%
Oversold Stochastic Weakness 2.68%
New Downtrend Bearish -0.27%
Oversold Stochastic Weakness -0.27%
Inside Day Range Contraction 2.20%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 16 hours ago
10 DMA Resistance about 17 hours ago
60 Minute Opening Range Breakout about 18 hours ago
Up 5% about 18 hours ago
1.5x Volume Pace about 19 hours ago

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Profile

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

Is AMZZ 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 29.38
52 Week Low 22.46
Average Volume 47,193
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 26.86
10-Day Moving Average 26.01
Average True Range 1.21
RSI (14) 50.25
ADX 26.95
+DI 25.70
-DI 31.19
Chandelier Exit (Long, 3 ATRs) 25.75
Chandelier Exit (Short, 3 ATRs) 26.09
Upper Bollinger Bands 29.33
Lower Bollinger Band 24.38
Percent B (%b) 0.34
BandWidth 18.41
MACD Line -0.32
MACD Signal Line -0.03
MACD Histogram -0.2909
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.89
Resistance 3 (R3) 27.80 27.09 27.59
Resistance 2 (R2) 27.09 26.63 27.14 27.48
Resistance 1 (R1) 26.58 26.34 26.84 26.67 27.38
Pivot Point 25.87 25.87 26.00 25.92 25.87
Support 1 (S1) 25.36 25.41 25.62 25.45 24.74
Support 2 (S2) 24.65 25.12 24.70 24.64
Support 3 (S3) 24.14 24.65 24.54
Support 4 (S4) 24.23