LEVERAGESHARES 2X TESLA ETP (2TSL.AS) Stock Technical Analysis
AMS:2TSL - Euronext Amsterdam - IE00BK5BZY66 - ETF - Currency: EUR
We assign a technical rating of 4 out of 10 to 2TSL. Although 2TSL 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
2TSL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2TSL is lagging the market.
In the last month 2TSL has a been trading in the 85.00 - 145.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: 2TSL has an average volume of 87 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, 2TSL did better than 98% of all other stocks.
2TSL 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
54.56
122.25
When analyzing the support we can see 5 important areas.
- Support @72.81 from a horizontal line in the weekly time frame.
- Support @65.52 from a trend line in the daily time frame.
- Support @63.59 from a trend line in the daily time frame.
- Support @61.90 from a horizontal line in the daily time frame.
- Support @55.11 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 107.54 to 107.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 114.75 to 116.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @121.04 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for 2TSL.AS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2TSL.AS is down. |
| ChartMill Relative Strength | 98.62 | POSITIVE | 2TSL.AS has a high relative strength, it outperformed 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 2TSL.AS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 2TSL.AS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of 2TSL.AS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.55 | NEUTRAL | The RSI value for 2TSL.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.29 | NEGATIVE | The MACD value suggests 2TSL.AS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.11 | NEUTRAL | The Stochastics value for 2TSL.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.7 | HIGH VOLATILITY | The high ATR as a percentage value for 2TSL.AS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for 2TSL.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:2TSL (6/18/2025, 7:00:00 PM)
106.966
-0.56 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week-9.52%
2 Weeks-17.51%
1 Month69.7%
3 Month20.35%
6 Month-43.7%
12 Month127.59%
2 Year-42.63%
3 Year-52.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.48
ATR(20)%9.7%
ATR Inc3.05%
Range Today0.86
ADR(20)2.8
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.62
Mansfield-1.66
10 Day High145.98
10 Day Low85
20 Day High145.98
20 Day Low85
52 Week High364.01
52 Week Low44.14
CS1 End72.81
CR1 Start107.54
Volume & EV
DER(3)0%
DER(5)0%
Volume38
Volume Incr-51.52%
Vol(5)71.6
Vol(50)87