(TSLR) GraniteShares 1.75x Long - Ratings and Ratios

The GraniteShares 1.75x Long TSLA Daily ETF (NASDAQ:TSLR) is an actively managed exchange-traded fund that seeks to deliver 1.75 times the daily return of Tesla (TSLA) stock through a swap agreement. This means the funds performance is tied to the daily fluctuations of TSLA, amplified by a factor of 1.75. The funds objective is to provide investors with leveraged exposure to TSLAs daily performance, making it a tool for traders looking to capitalize on short-term movements in the stock.

The fund is non-diversified, meaning it focuses its investments on a single stock, TSLA, which can result in higher volatility compared to diversified funds. The fund advisors strategy is centered around achieving the desired daily return multiple, which requires active management and potentially frequent adjustments to the funds holdings.

Analyzing the technical data, we observe that TSLRs last price is $20.48, indicating a significant deviation from its SMA20 and SMA50 values, which are $15.13 and $15.07, respectively. This suggests a recent upward trend. However, the SMA200 stands at $24.46, indicating that the current price is still below its long-term average. The ATR of 2.24 represents a 10.95% average daily price range, highlighting the ETFs volatility. Given these indicators, a potential short-term trading strategy could involve monitoring the ETFs ability to sustain its current price levels above the SMA20 and SMA50, with a potential target towards the SMA200.

From a fundamental perspective, the funds AUM of $219.71M USD indicates a moderate level of investor interest. To forecast future performance, we must consider both the technical and fundamental aspects. If TSLA continues to experience significant daily movements, TSLRs leveraged nature could result in substantial gains or losses. Assuming TSLAs volatility persists, TSLR could see its price continue to fluctuate around its current levels, potentially trending towards its SMA200 if the underlying stock stabilizes. A key factor to watch will be the overall market sentiment towards TSLA, as well as any significant news or developments that could impact its stock price. If TSLA experiences a strong upward trend, TSLR could potentially see significant gains, though the converse is also true.

Combining technical and fundamental analysis, a forecast for TSLR could involve watching for a breakout above its SMA200, potentially indicating a longer-term uptrend. Conversely, a failure to sustain current price levels could signal a return towards the lower end of its 52-week range. Investors should be cautious of the funds leveraged nature and the potential for significant losses if TSLAs daily performance is negative. As such, TSLR is likely best suited for sophisticated traders who can closely monitor and adjust their positions accordingly.