Technical Analysis for AMDL - GraniteShares 2x Long AMD Daily ETF

Grade Last Price % Change Price Change
C 16.69 -0.65% -0.11
AMDL closed down 0.65 percent on Wednesday, July 3, 2024, on 1.77 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Crossed Above 20 DMA Bullish -0.65%
Crossed Above 50 DMA Bullish -0.65%
MACD Bullish Signal Line Cross Bullish -0.65%
Fell Below 20 DMA Bearish 7.47%
Fell Below 50 DMA Bearish 7.47%
MACD Bearish Signal Line Cross Bearish 7.47%
Lower Bollinger Band Touch Weakness 7.47%
Crossed Above 20 DMA Bullish 1.52%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 6 hours ago
Down 2 % about 10 hours ago
2x Volume Pace about 10 hours ago
1.5x Volume Pace about 10 hours ago
3x Volume Pace about 10 hours ago

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Profile

GraniteShares 2x Long AMD Daily ETF Description

AMDL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Advanced Micro Devices stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x 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: Exchange Traded Fund Financial Regulation Short Term Tactical Tool

Is AMDL 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 25.62
52 Week Low 12.92
Average Volume 916,707
200-Day Moving Average 0.00
50-Day Moving Average 16.24
20-Day Moving Average 16.30
10-Day Moving Average 16.18
Average True Range 1.21
RSI (14) 51.92
ADX 10.27
+DI 22.87
-DI 20.21
Chandelier Exit (Long, 3 ATRs) 14.94
Chandelier Exit (Short, 3 ATRs) 18.33
Upper Bollinger Bands 17.68
Lower Bollinger Band 14.92
Percent B (%b) 0.64
BandWidth 16.88
MACD Line -0.15
MACD Signal Line -0.23
MACD Histogram 0.0864
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.59
Resistance 3 (R3) 17.59 17.30 17.44
Resistance 2 (R2) 17.30 17.07 17.30 17.39
Resistance 1 (R1) 16.99 16.93 16.85 16.99 17.34
Pivot Point 16.70 16.70 16.62 16.70 16.70
Support 1 (S1) 16.39 16.47 16.25 16.39 16.04
Support 2 (S2) 16.10 16.33 16.10 15.99
Support 3 (S3) 15.79 16.10 15.94
Support 4 (S4) 15.79