DIREXION DAILY AMZN BULL 2X (AMZU)
US25461A8586 - ETF
We assign a technical rating of 9 out of 10 to AMZU. In the last year, AMZU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AMZU is one of the better performing stocks in the market, outperforming 84% of all stocks.
In the last month AMZU has a been trading in the 30.25 - 33.95 range, which is quite wide. It is currently trading near the high of this range.
AMZU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMZU is lagging the market.
Besides having an excellent technical rating, AMZU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 33.95. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.26
35.91
When analyzing the support we can see 5 important areas.
- Support @33.56 from a trend line in the daily time frame.
- A support zone ranging from 31.86 to 32.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.46 from a horizontal line in the daily time frame.
- Support @29.01 from a trend line in the weekly time frame.
- Support @27.54 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @33.95 from a horizontal line in the daily time frame.
- Resistance @34.73 from a horizontal line in the weekly time frame.
- Resistance @35.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.98
Mansfield-0.52
10 Day High33.96
10 Day Low31.22
20 Day High33.96
20 Day Low30.25
52 Week High40.2
52 Week Low22.12
Performance
1 Week0.87%
2 Weeks2.72%
1 Month5.06%
3 Month22.87%
6 Month-5.59%
12 Month37.6%
2 Year88.09%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)56.8
LBB31.72
UBB33.76
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.96 | 33.55 | 0.41 (1.21%) | 25.00% |
| An entry @33.96. This is a Buy Stop order right above the resistance zone. | An exit @33.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 1.21%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AMZU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DIREXION DAILY AMZN BULL 2X
NASDAQ:AMZU (10/29/2024, 8:00:01 PM)
After market: 34.66 +1.03 (+3.06%)33.63
+0.81 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.47%
1 Week0.87%
2 Weeks2.72%
1 Month5.06%
3 Month22.87%
6 Month-5.59%
12 Month37.6%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.2
ATR(20)%3.71%
ATR Inc
Range Today1.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High33.96
10 Day Low31.22
20 Day High33.96
20 Day Low30.25
52 Week High40.2
52 Week Low22.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume913.60K
Volume Incr13.74%
Vol(5)586.42K
Vol(50)538.76K