DIREXION DAILY AMZN BULL 2X (AMZU) Stock Technical Analysis
NASDAQ:AMZU - Nasdaq - US25461A8586 - ETF - Currency: USD
Overall AMZU gets a technical rating of 6 out of 10. In the last year, AMZU was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AMZU has an average volume of 1634200 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.
Looking at the yearly performance, AMZU did better than 87% of all other 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.
AMZU has an average technical rating and it also does not offer a high 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
24.11
41.75
When analyzing the support we can see 3 important areas.
- Support @34.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 33.45 to 33.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @24.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.43 to 41.34. 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 | 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 | 87.02 | POSITIVE | AMZU has a high relative strength, it outperformed 87.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMZU is below 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) | UP | POSITIVE | The current price of AMZU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.76 | NEUTRAL | The RSI value for AMZU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests AMZU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.76 | NEUTRAL | The Stochastics value for AMZU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for AMZU suggests a possible start of a new 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)
37.05
+0.26 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.71%
1 Week-10.36%
2 Weeks-8.97%
1 Month-1.09%
3 Month26.02%
6 Month-17.67%
12 Month37.58%
2 Year48.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.9
ATR(20)%4.42%
ATR Inc33%
Range Today1.77
ADR(20)1.33
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.02
Mansfield-0.43
10 Day High42.14
10 Day Low33.37
20 Day High42.14
20 Day Low33.37
52 Week High50.61
52 Week Low21.28
CS1 End34.47
CR1 Start40.43
Volume & EV
DER(3)8.03%
DER(5)3.83%
Volume2.26M
Volume Incr153.62%
Vol(5)3.77M
Vol(50)1.63M