Taking everything into account, AMZZ scores 0 out of 10 in our technical rating. 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.
AMZZ 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
27.51
When analyzing the support we notice one important area.
- A support zone ranging from 27.79 to 28.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @29.25 from a trend line in the daily time frame.
- A resistance zone ranging from 30.52 to 31.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.38 to 32.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.35 from a trend line in the weekly 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 AMZZ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMZZ is down. |
| ChartMill Relative Strength | 17.49 | NEGATIVE | AMZZ has a low relative strength, it was outperformed by 82.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMZZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMZZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMZZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.78 | NEUTRAL | The RSI value for AMZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests AMZZ has a negative trend. |
| Stochastics (14,3) | 3.8 | OVERSOLD | The low Stochastics value suggests AMZZ may be oversold. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 11.3 | NEGATIVE | The low ADX value for AMZZ suggests a weak or negative trend. |
29.01
-0.34 (-1.16%)
GRANITESHARES 2XL AMZN ETF / AMZZ FAQ
What is the ChartMill technical rating of GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
ChartMill assigns a technical rating of 0 / 10 to AMZZ.
What is the current trend direction of GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
The current trend direction for GRANITESHARES 2XL AMZN ETF (AMZZ) is Bearish.
What is the RSI signal for GRANITESHARES 2XL AMZN ETF (AMZZ) stock?
GRANITESHARES 2XL AMZN ETF (AMZZ) has an RSI value of 38.7847. This indicates that the stock is currently neutral.
What is the short term momentum for AMZZ stock?
The short term momentum for GRANITESHARES 2XL AMZN ETF (AMZZ) is negative.