GRANITESHARES 2XLONG AMD ETF (AMDL) Stock Technical Analysis
NASDAQ:AMDL - Nasdaq - US38747R7513 - ETF - Currency: USD
Overall AMDL gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMDL is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
AMDL has an average volume of 40437900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AMDL is one of the better performing stocks in the market, outperforming 94% of all 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.
In the last month AMDL has a been trading in the 8.42 - 13.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AMDL has an excellent technical rating, it does not present a decent entry opportunity 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
8.13
13.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.90 to 11.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.57 from a trend line in the daily time frame.
- Support @8.21 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.17 to 12.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.29 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 | 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 | 94.43 | POSITIVE | AMDL has a high relative strength, it outperformed 94.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMDL is above the rising 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) | 52.5 | NEUTRAL | The RSI value for AMDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests AMDL has a negative trend. |
| Stochastics (14,3) | 63.41 | NEUTRAL | The Stochastics value for AMDL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for AMDL suggests high volalility. |
| Average Directional Index/ADX (14) | 37.78 | POSITIVE | The high ADX value value for AMDL suggests a strong 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)
12.16
+1.25 (+11.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg11.46%
1 Week-18.22%
2 Weeks4.3%
1 Month35.19%
3 Month133.62%
6 Month85.86%
12 Month2.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%8.79%
ATR Inc85.39%
Range Today1.2
ADR(20)0.77
ADR(20)%6.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.43
Mansfield1.65
10 Day High13.76
10 Day Low10.14
20 Day High13.76
20 Day Low8.42
52 Week High17
52 Week Low2.77
CS1 End10.57
CR1 Start12.17
Volume & EV
DER(3)-1.09%
DER(5)-1.4%
Volume37.66M
Volume Incr-9.07%
Vol(5)37.46M
Vol(50)40.44M