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Stock Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ)

Weak Downtrend (-65) - AMZZ is showing signs of a strengthening downtrend. Monitor AMZZ as it may be building momentum to the downside.

Is it time to buy, sell, or avoid AMZZ?

MarketClub looks at technical strength and momentum to determine if the timing is right for AMZZ.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_AMZZ
Open High Low AMZZ Price Change
28.2700 28.4500 28.0398 28.3100 -0.3800
Entry Signal

MarketClub’s Trade Triangles for AMZZ

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 25.06

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 25.89

short term up The short-term trend has been UP since Apr 26th, 2024 at 26.34

Smart Scan Analysis for AMZZ

Based on our trend formula, AMZZ is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for AMZZ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.2700 28.4500 28.0398 28.3100 -0.3800
Prev. Close Volume Bid Ask Time
28.6900 13649 2024-05-08 11:46:55
52wk High29.3852wk High Date2024-04-11
52wk Low22.4652wk Low Date2024-04-25
Average Volume74,310
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