Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)
Bull Market Weakness (+75) - NVDL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NVDL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NVDL?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVDL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NVDL
The long-term trend has been UP since Jan 11th, 2024 at 104.17
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 37.00
The short-term trend has been UP since May 3rd, 2024 at 38.49
Smart Scan Analysis for NVDL
Based on our trend formula, NVDL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.710 | 40.240 | 38.700 | 39.565 | -0.145 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.540 | 14934703 | 2024-05-08 15:59:36 |
| 52wk High | 49.205 | 52wk High Date | 2024-03-08 |
| 52wk Low | 7.841667 | 52wk Low Date | 2023-05-12 |
| Average Volume | 16,229,936 |