Technical Analysis for NVDQ - T-Rex 2X Inverse NVIDIA Daily Target ETF

Grade Last Price % Change Price Change
F 3.06 1.49% 0.05
NVDQ closed up 1.49 percent on Wednesday, November 20, 2024, on 1.53 times normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 1.49%
BB Squeeze Ended Range Expansion 1.49%
Crossed Above 20 DMA Bullish -8.25%
Pocket Pivot Bullish Swing Setup -8.25%
Bollinger Band Squeeze Range Contraction -8.25%
Gapped Up Strength -8.25%
20 DMA Resistance Bearish -5.70%
Stochastic Buy Signal Bullish -5.70%
Bollinger Band Squeeze Range Contraction -5.70%
BB Squeeze Started Range Contraction -5.70%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 22 hours ago
2x Volume Pace about 22 hours ago
1.5x Volume Pace about 22 hours ago
Up 3% about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago

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Profile

T-Rex 2X Inverse NVIDIA Daily Target ETF Description

NVDQ is designed for making bearish bets on the stock price of NVIDIA Corporation through swap agreements. The objective is to obtain daily leveraged exposure equivalent to -200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to NVDA's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. It's important to note that the fund could potentially lose money over time, even if NVDA's performance weakens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.


Classification

Keywords: Swaps Money Market Fund Short Term Tactical Tool Rebalancing Investments

Is NVDQ 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 93.0537
52 Week Low 2.93
Average Volume 26,824,034
200-Day Moving Average 9.46
50-Day Moving Average 3.91
20-Day Moving Average 3.26
10-Day Moving Average 3.09
Average True Range 0.24
RSI (14) 40.12
ADX 16.94
+DI 21.94
-DI 27.76
Chandelier Exit (Long, 3 ATRs) 3.07
Chandelier Exit (Short, 3 ATRs) 3.66
Upper Bollinger Bands 3.72
Lower Bollinger Band 2.81
Percent B (%b) 0.28
BandWidth 27.92
MACD Line -0.23
MACD Signal Line -0.27
MACD Histogram 0.0387
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.34
Resistance 3 (R3) 3.35 3.27 3.30
Resistance 2 (R2) 3.27 3.19 3.26 3.28
Resistance 1 (R1) 3.16 3.15 3.21 3.15 3.26
Pivot Point 3.08 3.08 3.10 3.07 3.08
Support 1 (S1) 2.97 3.01 3.03 2.97 2.86
Support 2 (S2) 2.89 2.96 2.89 2.84
Support 3 (S3) 2.79 2.89 2.83
Support 4 (S4) 2.78