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

Grade Last Price % Change Price Change
A 29.44 0.51% 0.15
MSFL closed up 0.51 percent on Wednesday, July 3, 2024, on 62 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.51%
New 52 Week High Strength 0.51%
Overbought Stochastic Strength 0.51%
Gapped Down Weakness 0.51%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 10 hours ago
New 52 Week High about 10 hours ago
1.5x Volume Pace about 10 hours ago
Reversal New Highs Entry 1 day ago
Bullish 180 Entry 1 day 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 29.47
52 Week Low 21.48
Average Volume 41,820
200-Day Moving Average 0.00
50-Day Moving Average 25.55
20-Day Moving Average 27.49
10-Day Moving Average 28.46
Average True Range 0.74
RSI (14) 70.33
ADX 23.73
+DI 32.30
-DI 17.29
Chandelier Exit (Long, 3 ATRs) 27.24
Chandelier Exit (Short, 3 ATRs) 25.77
Upper Bollinger Bands 30.10
Lower Bollinger Band 24.87
Percent B (%b) 0.87
BandWidth 19.02
MACD Line 1.01
MACD Signal Line 0.88
MACD Histogram 0.1205
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.98
Resistance 3 (R3) 29.93 29.70 29.89
Resistance 2 (R2) 29.70 29.56 29.72 29.86
Resistance 1 (R1) 29.57 29.48 29.63 29.62 29.83
Pivot Point 29.34 29.34 29.37 29.36 29.34
Support 1 (S1) 29.21 29.20 29.28 29.26 29.05
Support 2 (S2) 28.98 29.12 29.01 29.02
Support 3 (S3) 28.85 28.98 28.99
Support 4 (S4) 28.90