GRANITESHARES 2XL AMZN ETF (AMZZ) Stock Technical Analysis
NASDAQ:AMZZ - Nasdaq - US38747R7448 - ETF - Currency: USD
Overall AMZZ gets a technical rating of 0 out of 10. AMZZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AMZZ is a bad performer in the overall market: 83% of all stocks are doing better.
AMZZ is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month AMZZ has a been trading in the 17.77 - 24.82 range, which is quite wide. It is currently trading near the high of this range.
The technical rating of AMZZ is bad and it also does not present a 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
22.21
24.04
We found 1 important support area.
- Support @22.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.80 to 23.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.21
Mansfield-1.56
10 Day High24.24
10 Day Low18.16
20 Day High24.82
20 Day Low17.77
52 Week High41.7
52 Week Low17.51
Performance
1 Week3.39%
2 Weeks17.54%
1 Month-10.12%
3 Month-40.67%
6 Month-17.57%
12 Month-14.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.6
RSI(14)51.05
LBB18.71
UBB24.99
23.79
+1.36 (+6.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.06%
1 Week3.39%
2 Weeks17.54%
1 Month-10.12%
3 Month-40.67%
6 Month-17.57%
12 Month-14.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%10.42%
ATR Inc-4.48%
Range Today0.98
ADR(20)2.04
ADR(20)%8.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.21
Mansfield-1.56
10 Day High24.24
10 Day Low18.16
20 Day High24.82
20 Day Low17.77
52 Week High41.7
52 Week Low17.51
CS1 End22.43
CR1 Start23.8
Volume & EV
DER(3)1.26%
DER(5)-2.04%
Volume980.70K
Volume Incr-12.91%
Vol(5)395.42K
Vol(50)392.34K