Technical Analysis for BDCX - ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 30.30 | -1.46% | -0.45 |
BDCX closed down 1.46 percent on Friday, November 1, 2024, on 19 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 200 DMA | Bearish | 0.00% | |
| Fell Below 50 DMA | Bearish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Narrow Range Bar | Range Contraction | -1.46% |
| Alert | Time |
|---|---|
| Fell Below Lower Bollinger Band | about 17 hours ago |
| Fell Below 50 DMA | about 17 hours ago |
| Fell Below Previous Day's Low | about 17 hours ago |
| Down 1% | about 17 hours ago |
| Fell Below Previous Day's Low | 1 day ago |
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The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.
Keywords: Exchange Traded Fund Business Development New York Stock Exchange Wells Fargo
Classification
Keywords: Exchange Traded Fund Business Development New York Stock Exchange Wells Fargo
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.6508 |
| 52 Week Low | 25.5353 |
| Average Volume | 1,232 |
| 200-Day Moving Average | 30.30 |
| 50-Day Moving Average | 30.62 |
| 20-Day Moving Average | 31.18 |
| 10-Day Moving Average | 31.25 |
| Average True Range | 0.48 |
| RSI (14) | 40.83 |
| ADX | 12.64 |
| +DI | 36.39 |
| -DI | 40.13 |
| Chandelier Exit (Long, 3 ATRs) | 31.52 |
| Chandelier Exit (Short, 3 ATRs) | 30.76 |
| Upper Bollinger Bands | 32.06 |
| Lower Bollinger Band | 30.29 |
| Percent B (%b) | 0.01 |
| BandWidth | 5.70 |
| MACD Line | 0.08 |
| MACD Signal Line | 0.23 |
| MACD Histogram | -0.145 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.49 | ||||
| Resistance 3 (R3) | 30.51 | 30.47 | 30.46 | ||
| Resistance 2 (R2) | 30.47 | 30.42 | 30.46 | 30.45 | |
| Resistance 1 (R1) | 30.38 | 30.39 | 30.36 | 30.36 | 30.44 |
| Pivot Point | 30.34 | 30.34 | 30.33 | 30.33 | 30.34 |
| Support 1 (S1) | 30.26 | 30.29 | 30.23 | 30.23 | 30.16 |
| Support 2 (S2) | 30.21 | 30.26 | 30.20 | 30.15 | |
| Support 3 (S3) | 30.13 | 30.21 | 30.14 | ||
| Support 4 (S4) | 30.11 |
