NOWL:NASDAQGraniteShares 2x Long NOW Daily ETF Analysis
Data as of 2026-08-31 - not real-time
$8.52
Latest Price
8/10Risk
Risk Level: High
Executive Summary
The moving-average structure behind GraniteShares 2x Long NOW Daily ETF is neutral at $8.52, with no clear ordering between short and long averages. Across the trailing 30 sessions it gained 83.6%. RSI sits at 72.3, which reads as overbought, and MACD momentum is bullish. Recent trading has carved out support near $5.27 and resistance around $8.64.
The 1.50% expense ratio is expensive for its category, and the fund manages $221.7M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 123.3%, a beta of 1.25 and a maximum drawdown of 85.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 96 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 1/10.
The 1.50% expense ratio is expensive for its category, and the fund manages $221.7M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 123.3%, a beta of 1.25 and a maximum drawdown of 85.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 96 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 1/10.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 1/10
Key Factors
- RSI at 72.3 signals overbought conditions
- Trading above the 200-day average of 8.08
- MACD momentum is positive
Medium Term
1–3 yearsNeutral
Model confidence: 1/10
Key Factors
- RSI at 72.3 signals overbought conditions
- Trading above the 200-day average of 8.08
- 30-day volatility of 123.3%
Long Term
> 3 yearsNeutral
Model confidence: 1/10
Key Factors
- High expense ratio of 1.50%
- 30-day volatility of 123.3%
- Maximum drawdown of 85.2%
Key Metrics & Analysis
Fund Metrics
Expense Ratio1.50%
AUM$221.7M
Inception Date2025-07-14
Avg Daily Volume8,518,090
Premium/Discount0.00%
Tracking Error0.00%
Technical Analysis
TrendNeutral
RSI72.3
Support$5.27
Resistance$8.64
MA 20$6.56
MA 50$5.43
MA 200$8.08
MACDBullish
VolumeDecreasing
Fear & Greed Index95.66
Risk Assessment
Beta1.25
Volatility123.26%
Sector RiskMedium
Currency RiskLow
Liquidity RiskLow
Similar Tickers
This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.