Technical Analysis for SMHB - ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 5.62 | -0.35% | -0.02 |
SMHB closed down 0.35 percent on Wednesday, November 20, 2024, on 2.35 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Support | Bullish | 0.00% | |
| Hammer Candlestick | Bullish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| BB Squeeze + Lower Band Touch | Range Contraction | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Crossed Above 200 DMA | Bullish | -0.35% | |
| Hammer Candlestick | Bullish | -0.35% | |
| Pocket Pivot | Bullish Swing Setup | -0.35% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 16 hours ago |
| Down 1 ATR | about 16 hours ago |
| Down 3% | about 19 hours ago |
| 60 Minute Opening Range Breakdown | about 20 hours ago |
| Hammer Candlestick Entry | about 21 hours ago |
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Basic chart:
The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”).
The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.
Keywords: Exchange Traded Fund ETF Dividend Leveraged ETF Ultra ETF Dividend Yield
Classification
Keywords: Exchange Traded Fund ETF Dividend Leveraged ETF Ultra ETF Dividend Yield
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 6.5432 |
| 52 Week Low | 4.7486 |
| Average Volume | 39,514 |
| 200-Day Moving Average | 5.60 |
| 50-Day Moving Average | 5.94 |
| 20-Day Moving Average | 5.71 |
| 10-Day Moving Average | 5.68 |
| Average True Range | 0.19 |
| RSI (14) | 42.86 |
| ADX | 22.88 |
| +DI | 13.45 |
| -DI | 21.75 |
| Chandelier Exit (Long, 3 ATRs) | 5.62 |
| Chandelier Exit (Short, 3 ATRs) | 6.00 |
| Upper Bollinger Bands | 5.93 |
| Lower Bollinger Band | 5.49 |
| Percent B (%b) | 0.3 |
| BandWidth | 7.84 |
| MACD Line | -0.09 |
| MACD Signal Line | -0.08 |
| MACD Histogram | -0.0061 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.01 | ||||
| Resistance 3 (R3) | 5.99 | 5.85 | 5.95 | ||
| Resistance 2 (R2) | 5.85 | 5.75 | 5.86 | 5.92 | |
| Resistance 1 (R1) | 5.73 | 5.69 | 5.66 | 5.75 | 5.90 |
| Pivot Point | 5.59 | 5.59 | 5.55 | 5.60 | 5.59 |
| Support 1 (S1) | 5.47 | 5.49 | 5.40 | 5.49 | 5.34 |
| Support 2 (S2) | 5.33 | 5.43 | 5.34 | 5.32 | |
| Support 3 (S3) | 5.21 | 5.33 | 5.30 | ||
| Support 4 (S4) | 5.23 |
