LEVERAGE SHARES 2X AMAZON (2AMZ.AS) Stock Technical Analysis
AMS:2AMZ - Euronext Amsterdam - IE00BF03XH11 - ETF - Currency: EUR
Taking everything into account, 2AMZ scores 4 out of 10 in our technical rating. Although 2AMZ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Warning: 2AMZ has an average volume of 205 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month 2AMZ has a been trading in the 42.70 - 68.27 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that 2AMZ is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
2AMZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2AMZ is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
2AMZ has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
46.32
100.09
We found 3 important support areas.
- A support zone ranging from 60.62 to 61.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.74 from a trend line in the weekly time frame.
- Support @46.79 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.29 to 62.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 68.25 to 69.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @99.10 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 2AMZ.AS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 2AMZ.AS is neutral. |
| ChartMill Relative Strength | 93.74 | POSITIVE | 2AMZ.AS has a high relative strength, it outperformed 93.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 2AMZ.AS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 2AMZ.AS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 2AMZ.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.77 | NEUTRAL | The RSI value for 2AMZ.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.65 | POSITIVE | The MACD value suggests 2AMZ.AS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.32 | NEUTRAL | The Stochastics value for 2AMZ.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for 2AMZ.AS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for 2AMZ.AS suggests a weak or negative trend. |
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)
AMS:2AMZ (5/30/2025, 7:00:00 PM)
61.3627
-1.3 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.07%
1 Week-1.49%
2 Weeks16.55%
1 Month20.6%
3 Month-32.16%
6 Month5.8%
12 Month83.88%
2 Year85.28%
3 Year75.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.8
ATR(20)%5.78%
ATR Inc-7.51%
Range Today0.47
ADR(20)1.12
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.74
Mansfield-0.9
10 Day High68.27
10 Day Low54.68
20 Day High68.27
20 Day Low42.7
52 Week High100.19
52 Week Low30.64
CS1 End61.26
CR1 Start62.29
Volume & EV
DER(3)0%
DER(5)0%
Volume31
Volume Incr-81.28%
Vol(5)80
Vol(50)205.74