Technical Analysis for MSFL - GraniteShares 2x Long MSFT Daily ETF

Grade Last Price % Change Price Change
F 22.82 -1.13% -0.26
MSFL closed down 1.13 percent on Wednesday, November 20, 2024, on 89 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Gapped Down Weakness -1.13%
MACD Bearish Signal Line Cross Bearish -0.22%
Spinning Top Other -0.22%
Fell Below 20 DMA Bearish 0.13%
Fell Below 50 DMA Bearish 0.13%
180 Bearish Setup Bearish Swing Setup 0.13%
Gapped Down Weakness 0.13%
20 DMA Support Bullish -5.43%
50 DMA Support Bullish -5.43%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace about 21 hours ago
Down 3% about 21 hours ago
Fell Below Previous Day's Low about 21 hours ago
Down 2 % about 21 hours ago
Down 1% about 21 hours ago

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GraniteShares 2x Long MSFT Daily ETF Description

MSFL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Microsoft stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.


Classification

Keywords: Exchange Traded Fund Financial Regulation Short Term Tactical Tool

Is MSFL 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 30.4
52 Week Low 20.37
Average Volume 150,529
200-Day Moving Average 0.00
50-Day Moving Average 23.95
20-Day Moving Average 23.51
10-Day Moving Average 23.43
Average True Range 0.87
RSI (14) 44.44
ADX 11.31
+DI 20.20
-DI 24.83
Chandelier Exit (Long, 3 ATRs) 23.11
Chandelier Exit (Short, 3 ATRs) 24.49
Upper Bollinger Bands 25.30
Lower Bollinger Band 21.71
Percent B (%b) 0.31
BandWidth 15.27
MACD Line -0.20
MACD Signal Line -0.15
MACD Histogram -0.0507
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.87
Resistance 3 (R3) 23.81 23.41 23.69
Resistance 2 (R2) 23.41 23.15 23.44 23.63
Resistance 1 (R1) 23.12 22.98 22.92 23.17 23.58
Pivot Point 22.71 22.71 22.61 22.74 22.71
Support 1 (S1) 22.42 22.45 22.22 22.47 22.06
Support 2 (S2) 22.02 22.28 22.04 22.01
Support 3 (S3) 21.72 22.02 21.95
Support 4 (S4) 21.77