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

Grade Last Price % Change Price Change
B 27.15 -1.42% -0.39
JETU closed down 1.42 percent on Wednesday, November 20, 2024, on 6 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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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
MACD Bearish Signal Line Cross Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
180 Bullish Setup Bullish Swing Setup -1.42%
Narrow Range Bar Range Contraction -1.42%
Outside Day Range Expansion -1.42%
Overbought Stochastic Strength -1.42%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.80%

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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

Top 10 Components

Symbol Grade Price % Change Allocation
BA D 0.33 9.00
UPS C -0.83 9.00
RTX D 0.16 9.00
HON B -0.67 9.00
GE D 0.24 9.00
FDX B -1.72 9.00
DAL A -1.71 8.98
AAL B 0.91 7.91
UAL A 0.39 7.29
GD D -0.32 7.17

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 28.1734
52 Week Low 11.9826
Average Volume 404
200-Day Moving Average 20.69
50-Day Moving Average 23.37
20-Day Moving Average 25.97
10-Day Moving Average 27.42
Average True Range 0.63
RSI (14) 60.32
ADX 29.0
+DI 54.82
-DI 30.64
Chandelier Exit (Long, 3 ATRs) 26.28
Chandelier Exit (Short, 3 ATRs) 25.21
Upper Bollinger Bands 29.20
Lower Bollinger Band 22.74
Percent B (%b) 0.68
BandWidth 24.86
MACD Line 1.24
MACD Signal Line 1.28
MACD Histogram -0.0445
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.15
Resistance 3 (R3) 27.15 27.15 27.15
Resistance 2 (R2) 27.15 27.15 27.15 27.15
Resistance 1 (R1) 27.15 27.15 27.15 27.15 27.15
Pivot Point 27.15 27.15 27.15 27.15 27.15
Support 1 (S1) 27.15 27.15 27.15 27.15 27.15
Support 2 (S2) 27.15 27.15 27.15 27.15
Support 3 (S3) 27.15 27.15 27.15
Support 4 (S4) 27.15