GRANITESHARES 2XLONG AMD ETF (AMDL) Stock Technical Analysis
NASDAQ:AMDL - US38747R7513 - ETF
10.62 USD
-0.8 (-7.01%)
10.5999 USD
-0.02 (-0.19%)
We assign a technical rating of 7 out of 10 to AMDL. In the last year, AMDL was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month AMDL has a been trading in the 10.08 - 14.14 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
AMDL has an average volume of 36163700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AMDL did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
AMDL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMDL is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although AMDL has an excellent technical rating, the quality of the presented setup is not ideal 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
9.25
11.54
We found 2 important support areas.
- A support zone ranging from 10.55 to 10.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.34 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @11.43 from a horizontal 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 | UP | POSITIVE | The long term trend for AMDL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMDL is neutral. |
| ChartMill Relative Strength | 89.96 | POSITIVE | AMDL has a high relative strength, it outperformed 89.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMDL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMDL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMDL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.71 | NEUTRAL | The RSI value for AMDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests AMDL has a negative trend. |
| Stochastics (14,3) | 24.96 | NEUTRAL | The Stochastics value for AMDL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.53 | HIGH VOLATILITY | The high ATR as a percentage value for AMDL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.87 | NEGATIVE | The low ADX value for AMDL 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)
10.62
-0.8 (-7.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.01%
1 Week-6.43%
2 Weeks-16.97%
1 Month-12.66%
3 Month99.25%
6 Month112.4%
12 Month-16.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%9.53%
ATR Inc-20.46%
Range Today0.9
ADR(20)0.83
ADR(20)%7.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.96
Mansfield1.34
10 Day High12.96
10 Day Low10.08
20 Day High14.14
20 Day Low10.08
52 Week High17
52 Week Low2.77
CS1 End10.61
CR1 Start11.43
Volume & EV
DER(3)-3.59%
DER(5)-3.47%
Volume14.91M
Volume Incr-46.46%
Vol(5)17.98M
Vol(50)36.16M