SAVVYLONG (2X) AMZN ETF (AMZU.CA) Stock Technical Analysis
TSX:AMZU - Toronto Stock Exchange - CA54315B7631 - ETF - Currency: CAD
We assign a technical rating of 3 out of 10 to AMZU. AMZU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of AMZU is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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23.43
When analyzing the support we notice one important area.
- A support zone ranging from 23.67 to 24.03. This zone is formed by a combination of multiple trend lines and important moving averages 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. |
| Relative Strength Index/RSI (14) | 79.32 | OVERBOUGHT | The high RSI value suggests AMZU.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AMZU.CA has a negative trend. |
| Stochastics (14,3) | 93.59 | OVERBOUGHT | The high Stochastics value suggests AMZU.CA may be overbought. |
| Average Directional Index/ADX (14) | 37.21 | POSITIVE | The high ADX value value for AMZU.CA suggests a strong trend. |
TSX:AMZU (7/25/2025, 7:00:00 PM)
25.57
+0.51 (+2.04%)