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

Grade Last Price % Change Price Change
C 25.60 -1.39% -0.36
AMZZ closed down 1.39 percent on Tuesday, October 1, 2024, on 57 percent of normal volume.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 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%
Gapped Down Weakness 0.00%
20 DMA Support Bullish -1.39%
Down 3 Days in a Row Weakness -1.39%
Down 4 Days in a Row Weakness -1.39%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.07%

   Recent Intraday Alerts

Alert Time
Down 3% about 12 hours ago
Fell Below Previous Day's Low about 12 hours ago
Down 2 % about 12 hours ago
Down 1% about 12 hours ago
Fell Below 20 DMA about 12 hours ago

Free Daily (Stock) Chart Reading

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

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 31.79
52 Week Low 17.51
Average Volume 116,914
200-Day Moving Average 0.00
50-Day Moving Average 24.47
20-Day Moving Average 25.83
10-Day Moving Average 27.01
Average True Range 1.12
RSI (14) 49.24
ADX 16.11
+DI 24.12
-DI 29.86
Chandelier Exit (Long, 3 ATRs) 25.18
Chandelier Exit (Short, 3 ATRs) 25.52
Upper Bollinger Bands 29.24
Lower Bollinger Band 22.42
Percent B (%b) 0.47
BandWidth 26.39
MACD Line 0.66
MACD Signal Line 0.75
MACD Histogram -0.0905
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.71
Resistance 3 (R3) 26.69 26.29 26.53
Resistance 2 (R2) 26.29 26.01 26.31 26.46
Resistance 1 (R1) 25.95 25.84 26.12 25.97 26.40
Pivot Point 25.55 25.55 25.64 25.57 25.55
Support 1 (S1) 25.21 25.27 25.38 25.23 24.80
Support 2 (S2) 24.81 25.10 24.83 24.74
Support 3 (S3) 24.47 24.81 24.68
Support 4 (S4) 24.49