SAVVYLONG (2X) AMZN ETF (AMZU.CA) Stock Technical Analysis
Canada - TSX:AMZU - CA54315B7631 - ETF
Overall AMZU gets a technical rating of 4 out of 10. In the last year, AMZU was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
AMZU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.37. Right above this resistance zone may be a good entry point.
More info and screens
21.36
We found 2 important support areas.
- Support @23.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 21.58 to 21.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.37 to 26.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AMZU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMZU.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AMZU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMZU.CA is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 55.17 | NEUTRAL | The RSI value for AMZU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests AMZU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.96 | NEUTRAL | The Stochastics value for AMZU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for AMZU.CA suggests a weak or negative trend. |
TSX:AMZU (9/16/2025, 7:00:00 PM)
25.36
+0.57 (+2.3%)