GRANITESHARES 2XL AMZN ETF (AMZZ)

US38747R7448 - ETF

27.03  +0.71 (+2.7%)

After market: 27.819 +0.79 (+2.92%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to AMZZ. AMZZ has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

100% of all other stocks performed better in the past year than AMZZ.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month AMZZ has a been trading in the 24.25 - 27.23 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
AMZZ Weekly chart
AMZZ Daily chart
Setup Rating and Analysis

9

AMZZ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 26.27, a Stop Loss order could be placed below this zone. 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.
Support and Resistance Analysis

24.17

28.46

2 important support areas can be observed.

  • A support zone ranging from 25.85 to 26.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @24.41 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @27.51 from a horizontal line in the weekly time frame.
  • Resistance @28.18 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High27.23
10 Day Low25.08
20 Day High27.23
20 Day Low24.25
52 Week HighN/A
52 Week LowN/A
Performance
1 Week0.93%
2 Weeks3.4%
1 Month5.59%
3 Month25.08%
6 Month-3.22%
12 MonthN/A
2 YearN/A
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)0.02
RSI(14)57.8
LBB25.46
UBB27.06
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
27.5225.841.68 (6.10%)16.38%
An entry @27.52. This is a Buy Stop order right above the resistance zone.An exit @25.84. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.68 points, which is 6.10%.For a 1.00% total portfolio risk, you can invest 16.38% of your capital in this trade.

  • 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.
AMZZ Daily chart

GRANITESHARES 2XL AMZN ETF

NASDAQ:AMZZ (10/29/2024, 8:00:01 PM)

After market: 27.819 +0.79 (+2.92%)

27.03

+0.71 (+2.7%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.7%
1 Week0.93%
2 Weeks3.4%
1 Month5.59%
3 Month25.08%
6 Month-3.22%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.93
ATR(20)%3.6%
ATR Inc
Range Today0.97
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 High27.23
10 Day Low25.08
20 Day High27.23
20 Day Low24.25
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume57.50K
Volume Incr-13.07%
Vol(5)84.25K
Vol(50)90.01K