NOWL:NASDAQGraniteShares 2x Long NOW Daily ETF analysis
Data as of Oct 15, 2026 - not real-time
- Latest price
- $8.47
- Risk: high
- 8/10High risk
Summary
The moving-average structure behind GraniteShares 2x Long NOW Daily ETF is bullish at $8.47, with short-term averages leading the long-term ones. Across the trailing 30 sessions it gained 11.7%. RSI sits at 63.2, which reads as approaching overbought, and MACD momentum is bullish. Recent trading has carved out support near $6.31 and resistance around $8.54.
The 1.50% expense ratio is expensive for its category, and the fund manages $193.9M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 88.2%, a beta of 1.20 and a maximum drawdown of 84.5%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 92 on the fear-greed composite.
The horizons diverge: buy near-term but hold on a long view, at 1/10 conviction over the longer horizon.
The 1.50% expense ratio is expensive for its category, and the fund manages $193.9M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 88.2%, a beta of 1.20 and a maximum drawdown of 84.5%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 92 on the fear-greed composite.
The horizons diverge: buy near-term but hold on a long view, at 1/10 conviction over the longer horizon.
Top market events
- GraniteShares, a leading provider of leveraged and inverse ETFs, is preparing to launch the GraniteShares 2x Long...
- Proposed AIL ETF would provide 2x daily long exposure to Anthropic, pending its IPO and SEC effectiveness NEW YORK,...
- Proposed AIL ETF would provide 2x daily long exposure to Anthropic, pending its IPO and SEC effectiveness
Market outlook
Short term
< 1 yearPositive
Model confidence4/104 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 6.56
- MACD momentum is positive
Medium term
1–3 yearsNeutral
Model confidence2/102 out of 10
Key factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 6.56
- 30-day volatility of 88.2%
Long term
> 3 yearsNeutral
Model confidence1/101 out of 10
Key factors
- High expense ratio of 1.50%
- 30-day volatility of 88.2%
- Maximum drawdown of 84.5%
Key metrics
Fund metrics
Expense Ratio1.50%
AUM$193.9M
Inception Date2025-07-14
Avg Daily Volume4,140,500
Premium/Discount0.00%
Tracking Error0.00%
Technical analysis
TrendBullish
RSI63.2
Support$6.31
Resistance$8.54
MA 20$7.43
MA 50$7.27
MA 200$6.56
MACDBullish
VolumeStable
Fear & Greed Index91.66
Risk assessment
Beta1.20
Volatility88.21%
Sector RiskMedium
Currency RiskLow
Liquidity RiskLow
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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.