GraniteShares 2x Long COIN Daily ETF

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Coinbase Global, Inc. Class A. The Fund is an actively managed ETF that attempts to achieve its investment objective by entering into a swap agreement on the Underlying Stock.

Technical Observation (on the daily chart): 

CONL’s has been in a downtrend, consistently registering lower lows and lower highs. The price is currently near previous swing lows and is expected to experience volatility in the near term. However, it may consolidate further before making a significant upward movement. The 14-day Relative Strength Index (RSI) is currently in oversold territory, indicating a weak outlook. Furthermore, CONL's price is below both the 21-day and 50-day Simple Moving Averages (SMA), which are likely to serve as resistance levels during any potential upward moves.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 11, 2025 (09:35 am EST). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.