GRANITESHARES 2XL AMZN ETF (AMZZ) Stock Technical Analysis
NASDAQ:AMZZ - US38747R7448 - ETF
32.73 USD
+0.04 (+0.12%)
32.79 USD
+0.06 (+0.18%)
Overall AMZZ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMZZ is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AMZZ is one of the better performing stocks in the market, outperforming 85% of all stocks.
AMZZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMZZ is lagging the market.
In the last month AMZZ has a been trading in the 28.24 - 35.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMZZ has an excellent technical rating, but the quality of the setup is 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
27.74
35.32
4 important support areas can be observed.
- A support zone ranging from 31.26 to 31.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.57 from a trend line in the daily time frame.
- Support @29.18 from a horizontal line in the weekly time frame.
- A support zone ranging from 28.02 to 28.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.84 to 32.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.93 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.97 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 AMZZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMZZ is up. |
| ChartMill Relative Strength | 85.11 | POSITIVE | AMZZ has a high relative strength, it outperformed 85.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMZZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMZZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMZZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.65 | NEUTRAL | The RSI value for AMZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AMZZ has a positive trend. |
| Stochastics (14,3) | 63.48 | NEUTRAL | The Stochastics value for AMZZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for AMZZ 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)
32.73
+0.04 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week4.3%
2 Weeks3.25%
1 Month-3.07%
3 Month20.33%
6 Month3.45%
12 Month35.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%4.75%
ATR Inc-52.75%
Range Today0.48
ADR(20)1.21
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.11
Mansfield-0.02
10 Day High34.31
10 Day Low30.48
20 Day High35.61
20 Day Low28.24
52 Week High41.7
52 Week Low17.77
CS1 End31.75
CR1 Start32.84
Volume & EV
DER(3)0.97%
DER(5)0.89%
Volume211.34K
Volume Incr-38.72%
Vol(5)243.66K
Vol(50)300.26K