Technical Analysis for NVD - GraniteShares 1.5x Short NVDA Daily ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 4.82 | -6.77% | -0.35 |
NVD closed down 6.77 percent on Friday, May 3, 2024, on 1.15 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bearish Signal Line Cross | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Wide Bands | Range Expansion | -6.77% | |
| Gapped Down | Weakness | -6.77% | |
| Oversold Stochastic | Weakness | -6.77% |
| Alert | Time |
|---|---|
| Possible NR7 | about 19 hours ago |
| 60 Minute Opening Range Breakdown | about 20 hours ago |
| 2x Volume Pace | about 22 hours ago |
| 1.5x Volume Pace | about 24 hours ago |
| Down 5% | about 24 hours ago |
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The fund is an actively managed exchange traded fund that attempts to replicate 1.5x the inverse (-150%) daily percentage change of the underlying stock by entering into a swap agreement on the underlying stock. The fund advisor aims to generate the inverse daily performance of the underlying stock for a single day.
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Swaps
Classification
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Swaps
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 31.4542 |
| 52 Week Low | 4.43 |
| Average Volume | 4,612,010 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 5.54 |
| 20-Day Moving Average | 5.50 |
| 10-Day Moving Average | 5.43 |
| Average True Range | 0.52 |
| RSI (14) | 41.52 |
| ADX | 19.14 |
| +DI | 23.59 |
| -DI | 25.93 |
| Chandelier Exit (Long, 3 ATRs) | 5.30 |
| Chandelier Exit (Short, 3 ATRs) | 6.32 |
| Upper Bollinger Bands | 6.44 |
| Lower Bollinger Band | 4.57 |
| Percent B (%b) | 0.14 |
| BandWidth | 34.00 |
| MACD Line | -0.21 |
| MACD Signal Line | -0.18 |
| MACD Histogram | -0.0288 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.19 | ||||
| Resistance 3 (R3) | 5.22 | 5.11 | 5.13 | ||
| Resistance 2 (R2) | 5.11 | 5.02 | 5.10 | 5.11 | |
| Resistance 1 (R1) | 4.97 | 4.96 | 4.92 | 4.94 | 5.09 |
| Pivot Point | 4.86 | 4.86 | 4.84 | 4.85 | 4.86 |
| Support 1 (S1) | 4.72 | 4.77 | 4.67 | 4.70 | 4.55 |
| Support 2 (S2) | 4.61 | 4.71 | 4.60 | 4.53 | |
| Support 3 (S3) | 4.47 | 4.61 | 4.51 | ||
| Support 4 (S4) | 4.45 |
