DRX DLY AMZN BEAR 1X (AMZD) Stock Technical Analysis
NASDAQ:AMZD - Nasdaq - US25461A5020 - ETF - Currency: USD
Taking everything into account, AMZD scores 0 out of 10 in our technical rating. AMZD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AMZD is a bad performer in the overall market: 91% of all stocks are doing better.
AMZD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMZD has a been trading in the 10.17 - 11.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
The technical rating of AMZD is bad and it also does not present a 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
10.20
13.56
We found 1 important support area.
- A support zone ranging from 10.30 to 10.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.03 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.83 from a trend line in the weekly time frame.
- Resistance @13.43 from a trend 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 | DOWN | NEGATIVE | The long term trend for AMZD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMZD is neutral. |
| ChartMill Relative Strength | 9.37 | NEGATIVE | AMZD has a low relative strength, it was outperformed by 90.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMZD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMZD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMZD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.36 | NEUTRAL | The RSI value for AMZD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AMZD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.71 | NEUTRAL | The Stochastics value for AMZD is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.92 | POSITIVE | The high ADX value value for AMZD 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)
10.74
-0.44 (-3.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.94%
1 Week2.72%
2 Weeks1.86%
1 Month-0.37%
3 Month-14.42%
6 Month-2.54%
12 Month-30.8%
2 Year-45.99%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2%
ATR Inc55.13%
Range Today0.46
ADR(20)0.17
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.37
Mansfield-1.98
10 Day High11.3
10 Day Low10.17
20 Day High11.3
20 Day Low10.17
52 Week High15.6
52 Week Low10.17
CS1 End10.46
CR1 Start11.03
Volume & EV
DER(3)2.74%
DER(5)1.53%
Volume1.23M
Volume Incr511.46%
Vol(5)1.58M
Vol(50)358.87K