Technical Analysis for EFUT - VanEck Ethereum Strategy ETF

Grade Last Price % Change Price Change
C 28.18 2.07% 0.57
EFUT closed up 2.07 percent on Thursday, March 28, 2024, on 35 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Gapped Up Strength 2.07%
Fell Below 20 DMA Bearish 0.18%
NR7 Range Contraction 0.18%
Crossed Above 20 DMA Bullish -1.91%
Gapped Up Strength -1.91%
Gapped Up Strength 2.81%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 13 hours ago
Possible Inside Day about 13 hours ago
60 Minute Opening Range Breakdown about 14 hours ago
Gap Up Partially Closed about 16 hours ago
Gapped Up (Partial) about 17 hours ago

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Profile

VanEck Ethereum Strategy ETF Description

EFUT seeks long-term capital appreciation through ether (ETH) futures contracts. The goal is to maintain 100% economic exposure to ETH. In some cases, such as for tax liabilities, exposure may temporarily exceed 100% (up to 125%). The fund utilizes the inherent leverage in ETH futures, as well as from borrowing for potential amplified returns. However, this heightens the fund's risk, making it sensitive to fluctuations in ETH prices. To reduce risks, the fund holds a variety of short-term debts. In situations where the target exposure is not met, the fund may invest in other either-linked investments. As an actively managed fund, engaging in frequent trading activity, the fund may experience a higher turnover rate. Structured as a C-Corp, which accrues tax expenses at the fund level, may provide increased tax efficiencies for long-term investors holding shares in a taxable account. EFUT pledges 10% of profits to Protocol Guild for a decade, expressing faith in Ethereum's future.


Classification

Keywords: Blockchain Cross Platform Software Leverage Ethereum

Is EFUT 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 31.9199
52 Week Low 14.3272
Average Volume 32,533
200-Day Moving Average 0.00
50-Day Moving Average 24.72
20-Day Moving Average 28.85
10-Day Moving Average 27.71
Average True Range 1.24
RSI (14) 54.34
ADX 26.75
+DI 24.13
-DI 32.45
Chandelier Exit (Long, 3 ATRs) 28.19
Chandelier Exit (Short, 3 ATRs) 29.13
Upper Bollinger Bands 32.15
Lower Bollinger Band 25.54
Percent B (%b) 0.4
BandWidth 22.89
MACD Line 0.71
MACD Signal Line 1.12
MACD Histogram -0.411
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.69
Resistance 3 (R3) 28.71 28.57 28.60
Resistance 2 (R2) 28.57 28.44 28.56 28.57
Resistance 1 (R1) 28.38 28.36 28.30 28.35 28.55
Pivot Point 28.23 28.23 28.20 28.22 28.23
Support 1 (S1) 28.04 28.10 27.97 28.01 27.81
Support 2 (S2) 27.89 28.02 27.88 27.79
Support 3 (S3) 27.70 27.89 27.76
Support 4 (S4) 27.67