Technical Analysis for TSL - GraniteShares 1.25x Long Tesla Daily ETF

Grade Last Price % Change Price Change
B 14.84 -1.46% -0.22
TSL closed down 1.46 percent on Wednesday, November 20, 2024, on 67 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 uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Boomer Buy Setup Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
NR7 Range Contraction -1.46%
Inside Day Range Contraction -1.46%
Wide Bands Range Expansion -1.46%

   Recent Intraday Alerts

Alert Time
Down 3% about 17 hours ago
Down 2 % about 17 hours ago
Down 1% about 17 hours ago
Down 2 % 2 days ago
Down 1% 2 days ago

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Profile

GraniteShares 1.25x Long Tesla Daily ETF Description

TSL is a short-term tactical tool that aims to deliver 1.25x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 1.25x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested


Classification

Keywords: Financial Regulation Short Term Tactical Tool

Top 10 Components

Symbol Grade Price % Change Allocation
TSLA B -1.15 117.88

Is TSL 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 18.39
52 Week Low 5.13
Average Volume 390,591
200-Day Moving Average 8.45
50-Day Moving Average 10.68
20-Day Moving Average 12.38
10-Day Moving Average 14.16
Average True Range 0.89
RSI (14) 67.43
ADX 35.99
+DI 40.21
-DI 14.60
Chandelier Exit (Long, 3 ATRs) 13.12
Chandelier Exit (Short, 3 ATRs) 10.96
Upper Bollinger Bands 16.23
Lower Bollinger Band 8.53
Percent B (%b) 0.82
BandWidth 62.25
MACD Line 1.34
MACD Signal Line 1.09
MACD Histogram 0.241
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.76
Resistance 3 (R3) 15.73 15.39 15.60
Resistance 2 (R2) 15.39 15.16 15.41 15.55
Resistance 1 (R1) 15.12 15.02 14.95 15.15 15.50
Pivot Point 14.78 14.78 14.70 14.80 14.78
Support 1 (S1) 14.51 14.55 14.34 14.54 14.18
Support 2 (S2) 14.17 14.41 14.19 14.13
Support 3 (S3) 13.90 14.17 14.08
Support 4 (S4) 13.93