Technical Analysis for SKRE - Tuttle Capital Daily 2X Inverse Regional Banks ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 26.00 | 0.81% | 0.21 |
SKRE closed up 0.81 percent on Friday, April 26, 2024, on 25 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. 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 | N/A | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Buy Signal | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| MACD Bearish Centerline Cross | Bearish | 0.81% | |
| Oversold Stochastic | Weakness | 0.81% | |
| Stochastic Reached Oversold | Weakness | 3.01% | |
| Gapped Up | Strength | 3.01% | |
| Down 3 Days in a Row | Weakness | 3.01% | |
| Down 4 Days in a Row | Weakness | 3.01% | |
| Down 5 Days in a Row | Weakness | 3.01% |
| Alert | Time |
|---|---|
| Possible NR7 | about 12 hours ago |
| 60 Minute Opening Range Breakout | about 14 hours ago |
| Fell Below Previous Day's Low | about 16 hours ago |
| Down 1% | about 16 hours ago |
| 60 Minute Opening Range Breakout | 1 day ago |
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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 Private Equity Investment Management Inverse Exchange Traded Fund Swaps Exchange Traded Products
Classification
Keywords: Exchange Traded Funds Private Equity Investment Management 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 | 22.79 |
| Average Volume | 43,239 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 26.58 |
| 20-Day Moving Average | 26.67 |
| 10-Day Moving Average | 27.03 |
| Average True Range | 1.08 |
| RSI (14) | 46.52 |
| ADX | 14.02 |
| +DI | 20.54 |
| -DI | 31.63 |
| Chandelier Exit (Long, 3 ATRs) | 26.00 |
| Chandelier Exit (Short, 3 ATRs) | 27.25 |
| Upper Bollinger Bands | 29.21 |
| Lower Bollinger Band | 24.13 |
| Percent B (%b) | 0.37 |
| BandWidth | 19.05 |
| MACD Line | -0.07 |
| MACD Signal Line | 0.15 |
| MACD Histogram | -0.2136 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 26.84 | ||||
| Resistance 3 (R3) | 26.75 | 26.37 | 26.70 | ||
| Resistance 2 (R2) | 26.37 | 26.16 | 26.42 | 26.65 | |
| Resistance 1 (R1) | 26.19 | 26.03 | 26.28 | 26.28 | 26.61 |
| Pivot Point | 25.81 | 25.81 | 25.86 | 25.86 | 25.81 |
| Support 1 (S1) | 25.63 | 25.60 | 25.72 | 25.72 | 25.39 |
| Support 2 (S2) | 25.25 | 25.47 | 25.30 | 25.35 | |
| Support 3 (S3) | 25.07 | 25.25 | 25.30 | ||
| Support 4 (S4) | 25.16 |
