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

Grade Last Price % Change Price Change
F 5.51 -2.65% -0.15
TSL closed down 2.65 percent on Friday, April 19, 2024, on 77 percent of normal volume. The bears made the stock sink to a new 52-week low. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -2.65%

   Recent Intraday Alerts

Alert Time
Down 3% about 12 hours ago
60 Minute Opening Range Breakdown about 13 hours ago
Down 2 % about 13 hours ago
Possible NR7 about 14 hours ago
Rose Above Lower Bollinger Band about 18 hours 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 F -1.92 124.92

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 23.04
52 Week Low 5.485
Average Volume 178,987
200-Day Moving Average 13.84
50-Day Moving Average 7.13
20-Day Moving Average 6.55
10-Day Moving Average 6.33
Average True Range 0.34
RSI (14) 30.07
ADX 20.37
+DI 17.79
-DI 39.68
Chandelier Exit (Long, 3 ATRs) 6.33
Chandelier Exit (Short, 3 ATRs) 6.52
Upper Bollinger Bands 7.46
Lower Bollinger Band 5.64
Percent B (%b) -0.07
BandWidth 27.69
MACD Line -0.38
MACD Signal Line -0.30
MACD Histogram -0.0836
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.82
Resistance 3 (R3) 5.84 5.77 5.77
Resistance 2 (R2) 5.77 5.69 5.75 5.75
Resistance 1 (R1) 5.64 5.64 5.60 5.61 5.73
Pivot Point 5.56 5.56 5.54 5.55 5.56
Support 1 (S1) 5.43 5.48 5.39 5.41 5.29
Support 2 (S2) 5.36 5.43 5.34 5.27
Support 3 (S3) 5.23 5.36 5.25
Support 4 (S4) 5.20