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

Grade Last Price % Change Price Change
C 37.10 -1.33% -0.50
ETU closed down 7.89 percent on Wednesday, November 13, 2024, on 1.44 times 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 Up

Date Alert Name Type % Chg
Multiple of Ten Bearish Other -1.33%
Outside Day Range Expansion -1.33%
Gapped Down Weakness -1.33%
Multiple of Ten Bullish Other -9.12%
Inside Day Range Contraction -9.12%
Gapped Down Weakness -9.12%
New 52 Week Closing High Bullish -12.97%
New 52 Week High Strength -12.97%
Multiple of Ten Bullish Other -12.97%
Gapped Up Strength -12.97%

   Recent Intraday Alerts

Alert Time
Down 5% about 6 hours ago
Down 3% about 6 hours ago
Fell Below Previous Day's Low about 6 hours ago
Down 2 % about 6 hours ago
Down 1% about 6 hours 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 33,903
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 31.03
Average True Range 3.13
RSI (14) 70.06
ADX 0.0
+DI 0.00
-DI 0.00
Chandelier Exit (Long, 3 ATRs) N/A
Chandelier Exit (Short, 3 ATRs) N/A
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line 2.35
MACD Signal Line 0.92
MACD Histogram 1.4268
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.46
Resistance 3 (R3) 45.06 43.38 43.31
Resistance 2 (R2) 43.38 41.63 43.08 42.93
Resistance 1 (R1) 40.49 40.56 39.65 39.89 42.55
Pivot Point 38.81 38.81 38.39 38.51 38.81
Support 1 (S1) 35.92 37.06 35.08 35.32 32.65
Support 2 (S2) 34.24 35.99 33.94 32.27
Support 3 (S3) 31.35 34.24 31.89
Support 4 (S4) 30.75