Technical Analysis for AMZZ - GraniteShares 2x Long AMZN Daily ETF

Grade Last Price % Change Price Change
D 24.74 -3.64% -0.94
AMZZ closed down 3.64 percent on Friday, May 31, 2024, on 1.83 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.
0 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Touch Weakness -3.64%
Oversold Stochastic Weakness -3.64%
50 DMA Resistance Bearish -6.73%
180 Bearish Setup Bearish Swing Setup -6.73%
Stochastic Buy Signal Bullish -6.73%
Oversold Stochastic Weakness -6.73%
Bullish Engulfing Bullish -6.46%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 11 hours ago
Down 5% about 11 hours ago
Down 1 ATR about 11 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

GraniteShares 2x Long AMZN Daily ETF Description

AMZZ is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Amazon stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x 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: Exchange Traded Fund Financial Regulation Short Term Tactical Tool

Is AMZZ 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 29.5
52 Week Low 22.46
Average Volume 62,250
200-Day Moving Average 0.00
50-Day Moving Average 26.90
20-Day Moving Average 27.28
10-Day Moving Average 26.38
Average True Range 1.05
RSI (14) 35.06
ADX 11.56
+DI 19.22
-DI 35.12
Chandelier Exit (Long, 3 ATRs) 26.34
Chandelier Exit (Short, 3 ATRs) 27.23
Upper Bollinger Bands 29.46
Lower Bollinger Band 25.10
Percent B (%b) -0.08
BandWidth 15.97
MACD Line -0.35
MACD Signal Line -0.07
MACD Histogram -0.2812
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.98
Resistance 3 (R3) 27.00 26.28 26.61
Resistance 2 (R2) 26.28 25.71 26.27 26.48
Resistance 1 (R1) 25.51 25.36 25.15 25.49 26.36
Pivot Point 24.79 24.79 24.61 24.78 24.79
Support 1 (S1) 24.02 24.22 23.66 24.00 23.13
Support 2 (S2) 23.30 23.87 23.29 23.01
Support 3 (S3) 22.53 23.30 22.88
Support 4 (S4) 22.51