Technical Analysis for PFFL - ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 9.79 | 0.17% | 0.02 |
PFFL closed up 0.17 percent on Friday, July 5, 2024, on approximately 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 price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| BB Squeeze + Upper Band Touch | Range Contraction | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Crossed Above 20 DMA | Bullish | 0.17% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 22 hours ago |
| Rose Above Previous Day's High | 1 day ago |
| 2x Volume Pace | 1 day ago |
| 1.5x Volume Pace | 1 day ago |
| 3x Volume Pace | 1 day ago |
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Basic chart:
The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index (the “index”).
The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Solactive
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Solactive
Top 10 Components
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 10.2737 |
| 52 Week Low | 7.2661 |
| Average Volume | 2,904 |
| 200-Day Moving Average | 9.21 |
| 50-Day Moving Average | 9.55 |
| 20-Day Moving Average | 9.63 |
| 10-Day Moving Average | 9.65 |
| Average True Range | 0.15 |
| RSI (14) | 57.98 |
| ADX | 15.13 |
| +DI | 30.46 |
| -DI | 32.65 |
| Chandelier Exit (Long, 3 ATRs) | 9.64 |
| Chandelier Exit (Short, 3 ATRs) | 9.61 |
| Upper Bollinger Bands | 9.78 |
| Lower Bollinger Band | 9.48 |
| Percent B (%b) | 1.02 |
| BandWidth | 3.10 |
| MACD Line | 0.04 |
| MACD Signal Line | 0.02 |
| MACD Histogram | 0.0122 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 9.82 | ||||
| Resistance 3 (R3) | 9.82 | 9.81 | 9.81 | ||
| Resistance 2 (R2) | 9.81 | 9.80 | 9.81 | 9.81 | |
| Resistance 1 (R1) | 9.80 | 9.80 | 9.80 | 9.80 | 9.81 |
| Pivot Point | 9.79 | 9.79 | 9.79 | 9.79 | 9.79 |
| Support 1 (S1) | 9.78 | 9.78 | 9.78 | 9.78 | 9.76 |
| Support 2 (S2) | 9.77 | 9.78 | 9.77 | 9.76 | |
| Support 3 (S3) | 9.76 | 9.77 | 9.76 | ||
| Support 4 (S4) | 9.76 |
