AMDL Stock Summary and Trading Ideas (Graniteshares 2X Long Amd Daily ETF | NASDAQ:AMDL)

The GraniteShares 2x Long AMD Daily ETF (the "Fund") seeks daily leveraged investment results of 2 times (200%) the daily percentage change of the common stock of Advanced Micro Devices, Inc. (NASDAQ AMD) (the "Underlying Stock"). Because the Fund seeks daily leveraged investment results it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% the performance of the Underlying Stock for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% the return of the Underlying Stock for that period.

Graniteshares 2X Long Amd Daily ETF trades on the NASDAQ stock market under the symbol AMDL.

As of October 4, 2024, AMDL stock price climbed to $16.40 with 1,918,200 million shares trading.

AMDL has a beta of 6.12, meaning it tends to be more sensitive to market movements. AMDL has a correlation of 0.68 to the broad based SPY ETF.

AMDL has a market cap of $120.38 million. This is considered a Micro Cap stock.

AMDL support price is $14.24 and resistance is $15.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMDL shares will trade within this expected range on the day.