DIREXION DAILY AMZN BULL 2X (AMZU) Stock Technical Analysis
USA - NASDAQ:AMZU - US25461A8586 - ETF
37.25 USD
+0.78 (+2.14%)
37.22 USD
-0.03 (-0.08%)
Overall AMZU gets a technical rating of 3 out of 10. AMZU has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
AMZU has an average volume of 2388870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, AMZU outperforms 55% of them, which is more or less in line with the market.
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 33.61 - 40.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
AMZU has a poor technical rating and the quality of the setup is also only medium 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
33.12
42.04
2 important support areas can be observed.
- A support zone ranging from 34.41 to 35.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
3 important resistance areas can be observed.
- Resistance @38.16 from a trend line in the weekly time frame.
- A resistance zone ranging from 40.31 to 40.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.33 to 41.62. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for AMZU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMZU is neutral. |
| ChartMill Relative Strength | 55.2 | NEUTRAL | AMZU is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of AMZU is below a declining 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) | 52.38 | NEUTRAL | The RSI value for AMZU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests AMZU has a positive trend. |
| Stochastics (14,3) | 47.82 | NEUTRAL | The Stochastics value for AMZU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZU suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | 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)
37.25
+0.78 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.14%
1 Week4.46%
2 Weeks8.25%
1 Month-3.75%
3 Month-2.94%
6 Month35.9%
12 Month12.44%
2 Year61.75%
3 Year108.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%4.11%
ATR Inc32.52%
Range Today2.04
ADR(20)1.45
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.2
Mansfield-0.97
10 Day High37.41
10 Day Low33.61
20 Day High40.62
20 Day Low33.61
52 Week High50.61
52 Week Low21.28
CS1 End35.51
CR1 Start38.16
Volume & EV
DER(3)3.67%
DER(5)0.25%
Volume4.50M
Volume Incr70.17%
Vol(5)4.07M
Vol(50)2.39M