Technical Analysis for TSL - GraniteShares 1.25x Long Tesla Daily ETF

Grade Last Price % Change Price Change
C 8.41 7.54% 0.59
TSL closed up 7.54 percent on Monday, July 1, 2024, on 3.04 times normal volume. 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Gapped Up (Partial) about 9 hours ago
Rose Above Previous Day's High about 9 hours ago
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago
3x Volume Pace about 9 hours ago

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Profile

GraniteShares 1.25x Long Tesla Daily ETF Description

TSL is a short-term tactical tool that aims to deliver 1.25x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 1.25x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested


Classification

Keywords: Financial Regulation Short Term Tactical Tool

Top 10 Components

Symbol Grade Price % Change Allocation
TSLA B 6.05 117.88

Is TSL 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 23.04
52 Week Low 5.13
Average Volume 304,144
200-Day Moving Average 10.91
50-Day Moving Average 6.90
20-Day Moving Average 7.15
10-Day Moving Average 7.49
Average True Range 0.37
RSI (14) 72.68
ADX 24.05
+DI 39.72
-DI 11.47
Chandelier Exit (Long, 3 ATRs) 7.47
Chandelier Exit (Short, 3 ATRs) 7.47
Upper Bollinger Bands 8.07
Lower Bollinger Band 6.22
Percent B (%b) 1.18
BandWidth 25.93
MACD Line 0.29
MACD Signal Line 0.16
MACD Histogram 0.1295
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.30
Resistance 3 (R3) 9.25 8.91 9.15
Resistance 2 (R2) 8.91 8.69 8.93 9.10
Resistance 1 (R1) 8.66 8.55 8.79 8.71 9.05
Pivot Point 8.32 8.32 8.38 8.34 8.32
Support 1 (S1) 8.07 8.09 8.20 8.11 7.77
Support 2 (S2) 7.73 7.96 7.75 7.72
Support 3 (S3) 7.48 7.73 7.67
Support 4 (S4) 7.52