Technical Analysis for BERZ - MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

Grade Last Price % Change Price Change
C 31.50 3.08% 0.94
BERZ closed down 1.0 percent on Wednesday, April 24, 2024, on 86 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
Multiple of Ten Bullish Other 3.08%
Wide Bands Range Expansion 3.08%
Overbought Stochastic Strength 3.08%
Down 3 Days in a Row Weakness 3.08%
Gapped Down Weakness 3.08%
Slingshot Bullish Bullish Swing Setup 2.04%
Upper Bollinger Band Walk Strength 2.04%
Wide Bands Range Expansion 2.04%
Overbought Stochastic Strength 2.04%
Gapped Down Weakness 2.04%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 2 hours ago
Gapped Up (Full) about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
2x Volume Pace about 3 hours ago
1.5x Volume Pace about 3 hours ago

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Profile

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.


Classification

Keywords: Direxion

Top 10 Components

Symbol Grade Price % Change Allocation
ADBE D -1.25 6.67
TSLA D 1.54 6.67
QCOM B -0.65 6.67
MU B 0.53 6.67
META B -10.82 6.67
INTC F 1.13 6.67
GOOGL A -2.27 6.67
CRM D -1.35 6.67
AMZN B -2.31 6.67
AMD D 1.29 6.67

Is BERZ 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 157.5
52 Week Low 24.5
Average Volume 76,960
200-Day Moving Average 50.05
50-Day Moving Average 28.05
20-Day Moving Average 28.10
10-Day Moving Average 29.84
Average True Range 1.73
RSI (14) 59.35
ADX 25.6
+DI 32.91
-DI 22.35
Chandelier Exit (Long, 3 ATRs) 29.25
Chandelier Exit (Short, 3 ATRs) 30.00
Upper Bollinger Bands 33.10
Lower Bollinger Band 23.09
Percent B (%b) 0.75
BandWidth 35.65
MACD Line 1.06
MACD Signal Line 0.49
MACD Histogram 0.5751
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.34
Resistance 3 (R3) 33.26 32.25 32.88
Resistance 2 (R2) 32.25 31.54 32.29 32.72
Resistance 1 (R1) 31.40 31.10 31.83 31.49 32.57
Pivot Point 30.40 30.40 30.61 30.44 30.40
Support 1 (S1) 29.55 29.69 29.98 29.63 28.55
Support 2 (S2) 28.55 29.25 28.59 28.40
Support 3 (S3) 27.70 28.55 28.25
Support 4 (S4) 27.78