Technical Analysis for ETU - T-Rex 2X Long Ether Daily Target ETF

Grade Last Price % Change Price Change
D 35.32 -2.62% -0.95
ETU closed down 2.62 percent on Wednesday, November 20, 2024, on 86 percent of normal volume.
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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
Calm After Storm Range Contraction -2.62%
NR7 Range Contraction -2.62%
Narrow Range Bar Range Contraction -2.62%
Inside Day Range Contraction -2.62%
Gapped Down Weakness -2.62%
Hammer Candlestick Bullish -1.34%
180 Bullish Setup Bullish Swing Setup -1.34%
Calm After Storm Range Contraction -1.34%
NR7 Range Contraction -1.34%
Doji - Bullish? Reversal -1.34%

   Recent Intraday Alerts

Alert Time
Up 1% about 21 hours ago
Fell Below 10 DMA about 21 hours ago
Possible NR7 1 day ago
Possible Inside Day 1 day ago
10 DMA Support 2 days ago

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Profile

T-Rex 2X Long Ether Daily Target ETF Description

ETU aims for bullish bets on the daily price of spot Ether through swap agreements. It seeks 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 a short-term tactical tool, rather than 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. Note that should Ether's value decline by more than 50% relative to the fund, investors could face a total loss. The fund could also potentially lose money over time, even if Ether's performance strengthens.


Classification

Keywords: Short Term Tactical Tool Long Term Capital Management Ether Rebalancing Investments

Is ETU 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 42.8023
52 Week Low 22.6
Average Volume 29,906
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 36.78
Average True Range 2.83
RSI (14) 62.96
ADX 0.0
+DI 46.51
-DI 20.47
Chandelier Exit (Long, 3 ATRs) 34.30
Chandelier Exit (Short, 3 ATRs) 31.10
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line 3.00
MACD Signal Line 2.25
MACD Histogram 0.7457
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.59
Resistance 3 (R3) 38.73 37.79 38.05
Resistance 2 (R2) 37.79 36.95 37.72 37.86
Resistance 1 (R1) 36.55 36.44 36.08 36.41 37.68
Pivot Point 35.61 35.61 35.37 35.53 35.61
Support 1 (S1) 34.37 34.77 33.90 34.23 32.96
Support 2 (S2) 33.43 34.26 33.35 32.78
Support 3 (S3) 32.19 33.43 32.59
Support 4 (S4) 32.05