Technical Analysis for JETU - Bank Of Montreal MAX Airlines 3X Leveraged ETNs

Grade Last Price % Change Price Change
B 24.47 2.72% 0.65
JETU closed up 2.72 percent on Friday, November 1, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Narrow Range Bar Range Contraction 2.72%
Gapped Down Weakness 2.72%
Calm After Storm Range Contraction -2.02%
Narrow Range Bar Range Contraction -2.02%
Gapped Up Strength -2.02%
Calm After Storm Range Contraction -0.53%
Narrow Range Bar Range Contraction -0.53%
Wide Bands Range Expansion -0.53%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 21 hours ago
Up 3% about 21 hours ago
Up 2% about 21 hours ago
Up 1% about 21 hours ago
Up 1 ATR about 21 hours ago

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Bank Of Montreal MAX Airlines 3X Leveraged ETNs Description

JETU is a leveraged take on the US airport transportation industry. Specifically, the fund tracks 3x the index, which includes firms involved in airlines, aircraft and aircraft parts manufacturers, airfreight and logistics, aircraft leasing, and airline and airport operations. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding any ETPs and MLPs. The index also excludes issuers organized in Canada or China. For industry screens, Aircraft and Parts Manufacturing industry only includes the five largest companies by market cap. Airfreight and Logistics companies must disclose in their recent annual report that they own aircraft to execute their core business activity. The index is a modified liquidity-weighted index, which ranks the constituents, based on highest average daily value traded. As a geared product, JETU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding.


Classification

Keywords: Airline Short Term Trading Tool Aircraft Parts Manufacturers

Is JETU 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 26.0559
52 Week Low 11.9826
Average Volume 342
200-Day Moving Average 20.31
50-Day Moving Average 21.07
20-Day Moving Average 23.86
10-Day Moving Average 24.63
Average True Range 0.61
RSI (14) 59.35
ADX 26.71
+DI 52.45
-DI 37.81
Chandelier Exit (Long, 3 ATRs) 24.23
Chandelier Exit (Short, 3 ATRs) 22.42
Upper Bollinger Bands 26.87
Lower Bollinger Band 20.84
Percent B (%b) 0.6
BandWidth 25.26
MACD Line 1.01
MACD Signal Line 1.20
MACD Histogram -0.1868
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.72
Resistance 3 (R3) 24.75 24.70 24.68
Resistance 2 (R2) 24.70 24.63 24.68 24.67
Resistance 1 (R1) 24.58 24.59 24.56 24.56 24.65
Pivot Point 24.53 24.53 24.51 24.51 24.53
Support 1 (S1) 24.42 24.46 24.39 24.39 24.29
Support 2 (S2) 24.36 24.42 24.35 24.28
Support 3 (S3) 24.25 24.36 24.26
Support 4 (S4) 24.22