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

Grade Last Price % Change Price Change
F 3.07 2.68% 0.08
NVDQ closed up 2.68 percent on Wednesday, November 13, 2024, on 1.47 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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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
Bullish Engulfing Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Down Weakness 2.68%
Oversold Stochastic Weakness 2.68%
Stochastic Buy Signal Bullish -1.61%
Lower Bollinger Band Walk Weakness -1.61%
Oversold Stochastic Weakness -1.61%
Spinning Top Other 1.32%
Lower Bollinger Band Walk Weakness 1.32%
New 52 Week Low Weakness 1.32%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 23 hours ago
Up 3% about 23 hours ago
1.5x Volume Pace 1 day ago
Down 1% 1 day ago
Up 2% 1 day 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 24,769,314
200-Day Moving Average 10.38
50-Day Moving Average 4.21
20-Day Moving Average 3.33
10-Day Moving Average 3.26
Average True Range 0.24
RSI (14) 37.11
ADX 19.79
+DI 18.13
-DI 28.87
Chandelier Exit (Long, 3 ATRs) 3.31
Chandelier Exit (Short, 3 ATRs) 3.66
Upper Bollinger Bands 3.78
Lower Bollinger Band 2.88
Percent B (%b) 0.2
BandWidth 26.84
MACD Line -0.30
MACD Signal Line -0.31
MACD Histogram 0.0132
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.28
Resistance 3 (R3) 3.26 3.17 3.24
Resistance 2 (R2) 3.17 3.12 3.18 3.23
Resistance 1 (R1) 3.12 3.09 3.15 3.14 3.22
Pivot Point 3.03 3.03 3.05 3.04 3.03
Support 1 (S1) 2.98 2.98 3.01 2.99 2.91
Support 2 (S2) 2.89 2.94 2.90 2.90
Support 3 (S3) 2.84 2.89 2.89
Support 4 (S4) 2.85