Technical Analysis for AMZZ - GraniteShares 2x Long AMZN Daily ETF

Grade Last Price % Change Price Change
A 32.78 -2.35% -0.79
AMZZ closed down 2.35 percent on Thursday, November 14, 2024, on 1.42 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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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
New 52 Week High Strength 0.00%
New 52 Week Closing High Bullish -2.35%
New 52 Week High Strength -2.35%
Wide Bands Range Expansion -2.35%
Overbought Stochastic Strength -2.35%
Upper Bollinger Band Touch Strength -2.35%
Wide Bands Range Expansion 2.34%
Gapped Up Strength 2.34%
Overbought Stochastic Strength 2.34%
Stochastic Sell Signal Bearish 4.36%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 5 hours ago
Down 2 % about 5 hours ago
Down 1% about 5 hours ago
Rose Above Previous Day's High about 8 hours ago
New 52 Week High about 8 hours ago

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GraniteShares 2x Long AMZN Daily ETF Description

AMZZ is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Amazon 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 AMZZ 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 34.1176
52 Week Low 17.51
Average Volume 127,567
200-Day Moving Average 0.00
50-Day Moving Average 27.07
20-Day Moving Average 28.78
10-Day Moving Average 31.18
Average True Range 1.34
RSI (14) 66.78
ADX 24.71
+DI 43.75
-DI 16.03
Chandelier Exit (Long, 3 ATRs) 30.08
Chandelier Exit (Short, 3 ATRs) 29.11
Upper Bollinger Bands 34.22
Lower Bollinger Band 23.33
Percent B (%b) 0.87
BandWidth 37.88
MACD Line 1.79
MACD Signal Line 1.30
MACD Histogram 0.4896
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.01
Resistance 3 (R3) 35.21 34.66 34.64
Resistance 2 (R2) 34.66 34.10 34.56 34.52
Resistance 1 (R1) 33.72 33.74 33.45 33.52 34.39
Pivot Point 33.18 33.18 33.04 33.08 33.18
Support 1 (S1) 32.23 32.61 31.96 32.04 31.17
Support 2 (S2) 31.69 32.26 31.59 31.04
Support 3 (S3) 30.75 31.69 30.92
Support 4 (S4) 30.55