Technical Analysis for NOVZ - TrueShares Structured Outcome (November) ETF
Grade | Last Price | % Change | Price Change |
---|---|---|---|
A | 39.39 | 0.43% | 0.17 |
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | Up | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
New 52 Week Closing High | Bullish | 0.00% | |
New Uptrend | Bullish | 0.00% | |
New 52 Week High | Strength | 0.00% | |
Gapped Up | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
New 52 Week Closing High | Bullish | 0.43% | |
Narrow Range Bar | Range Contraction | 0.43% | |
New 52 Week High | Strength | 0.43% | |
Gapped Up | Strength | 0.43% |
Alert | Time |
---|---|
Rose Above Previous Day's High | about 10 hours ago |
New 52 Week High | about 10 hours ago |
Outside Day | about 10 hours ago |
Fell Below Previous Day's Low | about 10 hours ago |
Fell Below Previous Day's Low | 1 day ago |
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TrueShares Structured Outcome (November) ETF Description
NOVZ uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each November. The fund foregoes some upside return as well as any dividend component because the options are written on the price (not total) return version of the index. While aiming to prevent realization of the first 8-12% of the S&P 500s losses, the fund also allows for uncapped upside participation (less the cost options), making it unique from other buffer ETFs with a stated cap on potential gains. Beyond the buffer zone, the fund will experience all subsequent losses on a one-to-one basis. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. Even if shares are held for the entire outcome period, results may differ. The targeted buffers do not include the funds expense ratio. The fund is actively managed, resets annually and will utilize both FLEX and listed options. Prior to August 9, 2021 the fund traded under the ticker NVMZ.
Classification
Keywords: S&P 500 Dividend Options Contract Law
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 39.3904 |
52 Week Low | 31.55 |
Average Volume | 1,367 |
200-Day Moving Average | 35.69 |
50-Day Moving Average | 37.95 |
20-Day Moving Average | 38.84 |
10-Day Moving Average | 39.07 |
Average True Range | 0.15 |
RSI (14) | 73.82 |
ADX | 25.42 |
+DI | 52.94 |
-DI | 27.32 |
Chandelier Exit (Long, 3 ATRs) | 38.95 |
Chandelier Exit (Short, 3 ATRs) | 38.10 |
Upper Bollinger Bands | 39.50 |
Lower Bollinger Band | 38.17 |
Percent B (%b) | 0.91 |
BandWidth | 3.44 |
MACD Line | 0.36 |
MACD Signal Line | 0.36 |
MACD Histogram | -0.006 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 39.55 | ||||
Resistance 3 (R3) | 39.53 | 39.46 | 39.52 | ||
Resistance 2 (R2) | 39.46 | 39.42 | 39.47 | 39.51 | |
Resistance 1 (R1) | 39.43 | 39.40 | 39.44 | 39.44 | 39.50 |
Pivot Point | 39.36 | 39.36 | 39.36 | 39.36 | 39.36 |
Support 1 (S1) | 39.32 | 39.32 | 39.34 | 39.34 | 39.28 |
Support 2 (S2) | 39.25 | 39.29 | 39.26 | 39.27 | |
Support 3 (S3) | 39.21 | 39.25 | 39.26 | ||
Support 4 (S4) | 39.23 |