Technical Analysis for NVDQ - T-Rex 2X Inverse NVIDIA Daily Target ETF
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% |
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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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
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
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 |