GOOX T-Rex 2X Long Alphabet Daily Target ETF Chart, History Price & Graph

Key Takeaways

• GOOX maintains a robust uptrend with higher highs and higher lows, delivering +52.41% over the last 30 days and +281% over the past year.
• Price trading above key longer-term moving averages like the 50-day at 99.27, 100-day at 88.95, and 200-day at 77.86, supporting bullish bias despite neutral short-term averages.
• RSI(14) at 52.123 indicates neutral momentum; MACD(12,26) at 1.19 shows buy signal, though some oscillators suggest caution with overbought history.
• Volume rises with price advances, confirming buyer conviction during upswings in this leveraged ETF.
• Recent price around 104, with 52-week high at 104.86; pivot support at 100.88 and resistance at 103.08.

Trend Analysis

The chart of the T-REX 2X Long Alphabet Daily Target ETF (GOOX), which seeks 2x the daily performance of Alphabet (GOOG), displays a pronounced uptrend characterized by higher highs and higher lows within an ascending channel. This structure has persisted across multiple timeframes, with minor consolidations resolving bullishly. Over the past quarter, GOOX has gained significantly, amplified by its leveraged exposure to Alphabet's movements. Year-to-date returns stand at approximately 49%, underscoring sustained upward pressure.

Moving Averages

Moving averages present a neutral stance overall, with six buy and six sell signals across simple and exponential variants. Shorter-term averages (MA5 at 103.12, MA10 at 103.44, MA20 at 103.13) signal sell as price pulls back slightly, while longer-term ones remain firmly bullish: MA50 at 99.27 (buy), MA100 at 88.95 (buy), and MA200 at 77.86 (buy). Price remains above these dynamic supports, preserving the uptrend bias. Notable bullish crossovers include the 10-day moving average above the 50-day earlier in the month, signaling potential continuation.

Momentum Indicators

Momentum shows mixed but leaning positive signals. RSI(14) at 52.123 remains neutral, avoiding overbought extremes after prior extended periods above 70. MACD(12,26) at 1.19 generates a buy signal, with the histogram supporting upward momentum. STOCH(9,6) at 58.948 indicates buy territory, though STOCHRSI at 0 flags oversold conditions short-term. ADX(14) at 22.303 suggests moderate trend strength, while other oscillators like Williams %R at -67.281 point to sell pressure in the near term. No major divergences noted, aligning with the prevailing uptrend.

Volume and Market Activity

Trading volume in GOOX has increased alongside price gains, with spikes coinciding with Alphabet's broader advances. Elevated volume on up days confirms institutional buyer interest, typical for this leveraged product. Recent sessions show volume around 58,828 versus an average of 83,305, reflecting steady participation without unusual spikes.

AI Daily Buy/Sell Signals

Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and historical price patterns, generating actionable buy or sell signals for ETFs like GOOX. These signals draw from trend recognition, momentum shifts, and pattern matching to highlight potential entry and exit points, trend confirmations, and trading opportunities. Traders rely on them to validate setups, filter noise in volatile leveraged products, and enhance decision-making amid amplified daily moves. Explore the AI signals for GOOX to integrate machine-driven insights into your strategy.

Technical Outlook and Key Levels to Watch

Traders eye GOOX for uptrend continuation amid volatility inherent to its 2x leverage. Key supports cluster at moving averages (MA50 near 99.27, trendline) and pivot S1 at 100.88, with potential consolidation if breached. Resistance looms at recent swing highs around 104-105 (pivot R2/R3 at 104/105.28) and the 52-week high of 104.86. Watch for breakouts above prior peaks or pullbacks to dynamic supports, alongside momentum indicators like MACD crossovers and RSI for divergence. Volume confirmation and Alphabet's price action remain critical for directional bias.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.