(3AMZ) Leverage Shares 3x Amazon - Ratings and Ratios

The Leverage Shares 3x Amazon ETP Securities EUR is an exchange-traded product (ETP) that offers investors a leveraged exposure to the performance of Amazons stock. With its domicile in the Netherlands, this product is designed for traders seeking to capitalize on the short-term movements of Amazons shares with amplified returns.

Given its classification under the Trading - Leveraged/Inverse Equity ETF category, its clear that this ETP is tailored for sophisticated investors or traders who are comfortable with the risks associated with leveraged trading. The products underlying strategy involves providing three times the daily return of Amazons stock, making it a tool for those looking to magnify their gains (or losses) in a volatile market.

Analyzing the recent price action, the ETP has shown a last price of 6.54 EUR, indicating a slight bullish trend as it stands above both its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50) of 6.33 and 6.38, respectively. However, the long-term trend remains bearish as the price is significantly below its 200-day Simple Moving Average (SMA200) of 9.07. The Average True Range (ATR) of 0.55, translating to an 8.38% volatility, suggests that the ETP is experiencing considerable daily price swings, a characteristic typical of leveraged products.

The Assets Under Management (AUM) stand at 6.31 million EUR, indicating a relatively modest size for the ETP. While this doesnt directly impact the products performance, its a factor to consider for liquidity and potential trading costs.

Forecasting the future performance of the 3AMZ ETP requires a nuanced analysis of both technical indicators and fundamental data. Technically, a breakout above the 52-week high of 15.98 would signal a significant bullish reversal, potentially driven by a strong uptrend in Amazons stock. Conversely, a drop towards the 52-week low of 4.42 would indicate a continued bearish trend. Fundamentally, Amazons stock performance is influenced by its financial health, market trends, and broader economic conditions. Given Amazons historical resilience and growth, a long-term uptrend in its stock could bode well for the 3AMZ ETP, albeit with the understanding that leveraged products are more suited to short-term strategies.

Combining these insights, a potential forecast could involve a cautious bullish stance if Amazons stock begins to show signs of a sustained uptrend, potentially driven by positive earnings reports or favorable market conditions. However, the inherent risks of leveraged trading necessitate a disciplined risk management strategy to mitigate potential losses.