Technical Analysis for BERZ - MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

Grade Last Price % Change Price Change
F 17.53 -3.95% -0.72
BERZ closed down 3.95 percent on Wednesday, July 3, 2024, on 1.34 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -3.95%
New 52 Week Low Weakness -3.95%
Wide Bands Range Expansion -3.95%
Oversold Stochastic Weakness -3.95%
New 52 Week Closing Low Bearish -8.89%

   Recent Intraday Alerts

Alert Time
Down 3% about 5 hours ago
Down 2 % about 5 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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MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.


Classification

Keywords: Direxion

Top 10 Components

Symbol Grade Price % Change Allocation
ADBE B 0.43 6.67
TSLA B 6.54 6.67
QCOM B 1.82 6.67
MU C 3.19 6.67
META B 0.09 6.67
INTC D 0.51 6.67
GOOGL A 0.31 6.67
CRM C 1.86 6.67
AMZN A -1.21 6.67
AMD B -0.25 6.67

Is BERZ 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 84.997
52 Week Low 17.5
Average Volume 113,524
200-Day Moving Average 39.55
50-Day Moving Average 24.60
20-Day Moving Average 20.96
10-Day Moving Average 19.70
Average True Range 1.02
RSI (14) 24.24
ADX 28.22
+DI 16.61
-DI 43.39
Chandelier Exit (Long, 3 ATRs) 23.67
Chandelier Exit (Short, 3 ATRs) 20.55
Upper Bollinger Bands 24.66
Lower Bollinger Band 17.26
Percent B (%b) 0.04
BandWidth 35.32
MACD Line -1.73
MACD Signal Line -1.58
MACD Histogram -0.1489
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.70
Resistance 3 (R3) 18.82 18.55 18.51
Resistance 2 (R2) 18.55 18.25 18.49 18.44
Resistance 1 (R1) 18.04 18.07 17.91 17.92 18.37
Pivot Point 17.77 17.77 17.70 17.71 17.77
Support 1 (S1) 17.26 17.47 17.13 17.14 16.69
Support 2 (S2) 16.99 17.29 16.93 16.62
Support 3 (S3) 16.48 16.99 16.56
Support 4 (S4) 16.36