DIREXION DAILY AMZN BULL 2X (AMZU) Stock Technical Analysis
NASDAQ:AMZU - US25461A8586 - ETF
39.55 USD
+0.86 (+2.22%)
39.5 USD
-0.05 (-0.13%)
We assign a technical rating of 8 out of 10 to AMZU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMZU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
AMZU has an average volume of 1681040 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 AMZU is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AMZU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMZU is lagging the market.
In the last month AMZU has a been trading in the 33.37 - 42.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although AMZU 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
24.21
41.75
When analyzing the support we can see 6 important areas.
- A support zone ranging from 38.51 to 38.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.07 to 37.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.09 from a trend line in the daily time frame.
- Support @34.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 33.45 to 33.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @24.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.91 to 40.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.34 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 AMZU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMZU is up. |
| ChartMill Relative Strength | 82.45 | POSITIVE | AMZU has a high relative strength, it outperformed 82.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMZU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMZU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMZU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.55 | NEUTRAL | The RSI value for AMZU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AMZU has a positive trend. |
| Stochastics (14,3) | 62 | NEUTRAL | The Stochastics value for AMZU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZU suggests some volalility. |
| Average Directional Index/ADX (14) | 14.23 | NEGATIVE | The low ADX value for AMZU 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)
39.55
+0.86 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.22%
1 Week4.34%
2 Weeks3.37%
1 Month-3.2%
3 Month18.9%
6 Month1.34%
12 Month27.02%
2 Year54.7%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%4.82%
ATR Inc-50.36%
Range Today1.56
ADR(20)1.47
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.45
Mansfield-0.28
10 Day High40.6
10 Day Low35.99
20 Day High42.14
20 Day Low33.37
52 Week High50.61
52 Week Low21.28
CS1 End37.57
CR1 Start38.78
Volume & EV
DER(3)-3.59%
DER(5)-0.15%
Volume1.04M
Volume Incr-56.16%
Vol(5)1.01M
Vol(50)1.68M