Technical Analysis for ETQ - T-Rex 2X Inverse Ether Daily Target ETF

Grade Last Price % Change Price Change
D 14.11 1.75% 0.24
ETQ closed up 1.75 percent on Wednesday, November 20, 2024, on 30 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Calm After Storm Range Contraction 1.75%
Narrow Range Bar Range Contraction 1.75%
Volume Surge Other 0.53%
Calm After Storm Range Contraction 0.53%
Narrow Range Bar Range Contraction 0.53%
Gapped Up Strength 0.53%
Up 3 Days in a Row Strength 0.53%
Up 4 Days in a Row Strength 0.53%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 19 hours ago
Possible Pocket Pivot about 19 hours ago
Up 5% 6 days ago
Rose Above Previous Day's High 6 days ago
2x Volume Pace 6 days ago

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Profile

T-Rex 2X Inverse Ether Daily Target ETF Description

ETQ is designed for making bearish bets on the daily price of spot Ether through swap agreements. The objective is to obtain daily leveraged exposure equivalent to -200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to Ether's daily price movements. The rebalancing value is based on an average price calculated during the final equity trading hour in New York. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. It's important to note that the fund could potentially lose money over time, even if Ether's performance weakens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.


Classification

Keywords: Swaps Money Market Fund Short Term Tactical Tool Rebalancing Investments

Is ETQ 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 26.327
52 Week Low 11.81
Average Volume 6,662
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 14.77
Average True Range 1.50
RSI (14) 83.31
ADX 0.0
+DI 28.44
-DI 60.26
Chandelier Exit (Long, 3 ATRs) 21.83
Chandelier Exit (Short, 3 ATRs) 16.31
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line -3.07
MACD Signal Line -2.10
MACD Histogram -0.9708
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.31
Resistance 3 (R3) 14.29 14.20 14.28
Resistance 2 (R2) 14.20 14.15 14.21 14.27
Resistance 1 (R1) 14.16 14.12 14.18 14.18 14.25
Pivot Point 14.07 14.07 14.08 14.08 14.07
Support 1 (S1) 14.03 14.02 14.05 14.05 13.97
Support 2 (S2) 13.94 13.99 13.95 13.96
Support 3 (S3) 13.90 13.94 13.95
Support 4 (S4) 13.92