Technical Analysis for SKRE - Tuttle Capital Daily 2X Inverse Regional Banks ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 12.11 | 1.00% | 0.12 |
SKRE closed up 1.0 percent on Wednesday, November 20, 2024, on 55 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. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 1,2,3 Retracement Bearish | Bearish Swing Setup | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| NR7 | Range Contraction | 1.00% | |
| Narrow Range Bar | Range Contraction | 1.00% | |
| Wide Bands | Range Expansion | 1.00% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 17 hours ago |
| Up 2% | about 17 hours ago |
| Up 1% | about 17 hours ago |
| Possible NR7 | about 17 hours ago |
| Possible NR7 | 1 day ago |
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Basic chart:
The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to TSLA equal to at least 80% of the fund"s net assets (plus any borrowings for investment purposes ). The fund advisor seeks daily leveraged inverse investment results and the fund is very different from most other exchange-traded funds and presents different and greater risks. The fund is non-diversified.
Keywords: Exchange Traded Funds Investment Management Private Equity Inverse Exchange Traded Fund Swaps Exchange Traded Products
Classification
Keywords: Exchange Traded Funds Investment Management Private Equity Inverse Exchange Traded Fund Swaps Exchange Traded Products
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 30.3599 |
| 52 Week Low | 11.13 |
| Average Volume | 42,423 |
| 200-Day Moving Average | 22.00 |
| 50-Day Moving Average | 15.77 |
| 20-Day Moving Average | 13.64 |
| 10-Day Moving Average | 11.90 |
| Average True Range | 0.71 |
| RSI (14) | 34.21 |
| ADX | 35.43 |
| +DI | 15.22 |
| -DI | 37.15 |
| Chandelier Exit (Long, 3 ATRs) | 14.46 |
| Chandelier Exit (Short, 3 ATRs) | 13.27 |
| Upper Bollinger Bands | 17.60 |
| Lower Bollinger Band | 9.67 |
| Percent B (%b) | 0.31 |
| BandWidth | 58.12 |
| MACD Line | -1.26 |
| MACD Signal Line | -1.23 |
| MACD Histogram | -0.0362 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 12.49 | ||||
| Resistance 3 (R3) | 12.51 | 12.39 | 12.43 | ||
| Resistance 2 (R2) | 12.39 | 12.29 | 12.39 | 12.41 | |
| Resistance 1 (R1) | 12.25 | 12.23 | 12.32 | 12.24 | 12.39 |
| Pivot Point | 12.14 | 12.14 | 12.17 | 12.13 | 12.14 |
| Support 1 (S1) | 11.99 | 12.04 | 12.07 | 11.98 | 11.83 |
| Support 2 (S2) | 11.88 | 11.98 | 11.87 | 11.81 | |
| Support 3 (S3) | 11.74 | 11.88 | 11.79 | ||
| Support 4 (S4) | 11.73 |
