(PTIR) GraniteShares 2x Long PLTR - Ratings and Ratios

The GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) is an actively managed exchange-traded fund designed to deliver twice the daily percentage change of Palantir Technologies Inc. (PLTR). The fund achieves this by entering into swap agreements with major financial institutions, replicating 2x leverage on PLTRs daily performance. These swap agreements can span from a single day to over a year, allowing the fund to maintain its leverage objective. As a non-diversified fund, it concentrates its exposure on PLTR, making it highly sensitive to the stocks daily fluctuations. The funds structure is geared toward short-term trading opportunities rather than long-term investment strategies.

Based on the provided data, here is a 3-month forecast: - Technical Outlook: The fund is currently trading below its SMA20 (224.43) and SMA50 (166.72), indicating bearish momentum. The SMA200 (105.92) suggests a long-term downtrend. With an ATR of 23.80, volatility is expected to remain elevated. Support levels at 130.1 and 96.5 could act as potential floors, while resistance at 152.9 and 200.0 may cap upside movements. - Fundamental Outlook: With an AUM of $434.80M, the fund maintains moderate liquidity. As a leveraged product, it is sensitive to broader market sentiment and PLTRs operational performance. The funds daily reset feature means returns over periods longer than one day will not perfectly correlate with 2x PLTRs returns. Traders should monitor volume (20d avg: 911,462) and price action relative to key moving averages for strategic entry/exit points.