We assign a technical rating of 4 out of 10 to AMZZ. In the last year, AMZZ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, AMZZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 31.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMZZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.52 to 31.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.29 to 29.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.50 from a trend line in the daily time frame.
- A support zone ranging from 27.79 to 28.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @31.96 from a horizontal line in the daily time frame.
- Resistance @35.24 from a trend line in the weekly time frame.
- Resistance @36.08 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AMZZ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMZZ is neutral. |
| ChartMill Relative Strength | 33.3 | NEUTRAL | AMZZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMZZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMZZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMZZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for AMZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests AMZZ has a positive trend. |
| Stochastics (14,3) | 79.45 | NEUTRAL | The Stochastics value for AMZZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 9.17 | NEGATIVE | The low ADX value for AMZZ suggests a weak or negative trend. |
31.95
+0.16 (+0.5%)
GRANITESHARES 2XL AMZN ETF / AMZZ FAQ
What is the ChartMill technical rating of GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
ChartMill assigns a technical rating of 4 / 10 to AMZZ.
What is the current trend direction of GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
The current trend direction for GRANITESHARES 2XL AMZN ETF (AMZZ) is Bearish.
What is the RSI signal for GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
GRANITESHARES 2XL AMZN ETF (AMZZ) has an RSI value of 54.0289. This indicates that the stock is currently neutral.
What is the short term momentum for AMZZ stock?
The short term momentum for GRANITESHARES 2XL AMZN ETF (AMZZ) is neutral.