Technical Analysis for CNBS - Amplify Seymour Cannabis ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 4.37 | 2.68% | 0.11 |
CNBS closed up 2.68 percent on Friday, November 1, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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 | Down | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Reached Oversold | Weakness | 2.68% | |
| Down 3 Days in a Row | Weakness | 2.68% | |
| Down 4 Days in a Row | Weakness | 2.68% | |
| Oversold Stochastic | Weakness | 2.68% | |
| Fell Below 50 DMA | Bearish | 0.92% |
| Alert | Time |
|---|---|
| Up 3% | about 20 hours ago |
| Up 1 ATR | about 20 hours ago |
| Rose Above 50 DMA | about 20 hours ago |
| Possible NR7 | about 22 hours ago |
| 60 Minute Opening Range Breakout | about 22 hours ago |
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Basic chart:
The investment seeks to provide investors capital appreciation. The fund will invest at least 80% of its net assets (including investment borrowings) in the securities of companies that derive 50% or more of their revenue from the cannabis and hemp ecosystem. It is an actively managed ETF that seeks to provide investment exposure to global companies principally engaged in the emerging cannabis and hemp ecosystem across one of three classifications. The fund is non-diversified.
Keywords: Exchange Traded Funds Cannabis Hemp
Classification
Keywords: Exchange Traded Funds Cannabis Hemp
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 6.48 |
| 52 Week Low | 3.73 |
| Average Volume | 22,029 |
| 200-Day Moving Average | 4.81 |
| 50-Day Moving Average | 4.37 |
| 20-Day Moving Average | 4.44 |
| 10-Day Moving Average | 4.51 |
| Average True Range | 0.12 |
| RSI (14) | 46.81 |
| ADX | 20.73 |
| +DI | 24.30 |
| -DI | 24.22 |
| Chandelier Exit (Long, 3 ATRs) | 4.46 |
| Chandelier Exit (Short, 3 ATRs) | 4.61 |
| Upper Bollinger Bands | 4.72 |
| Lower Bollinger Band | 4.15 |
| Percent B (%b) | 0.38 |
| BandWidth | 12.71 |
| MACD Line | 0.00 |
| MACD Signal Line | 0.03 |
| MACD Histogram | -0.0242 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 4.49 | ||||
| Resistance 3 (R3) | 4.47 | 4.42 | 4.47 | ||
| Resistance 2 (R2) | 4.42 | 4.39 | 4.43 | 4.46 | |
| Resistance 1 (R1) | 4.40 | 4.37 | 4.41 | 4.41 | 4.46 |
| Pivot Point | 4.34 | 4.34 | 4.35 | 4.35 | 4.34 |
| Support 1 (S1) | 4.32 | 4.31 | 4.33 | 4.33 | 4.28 |
| Support 2 (S2) | 4.27 | 4.30 | 4.27 | 4.28 | |
| Support 3 (S3) | 4.24 | 4.27 | 4.27 | ||
| Support 4 (S4) | 4.25 |
