NVD GraniteShares 2x Short NVDA Daily ETF
Trend channel, buy level and 3-month target. Information only, not financial advice.
At the channel ceiling · 12-month channel falling
Price is at the upper line, where it has stalled before.
- 12-month channel
- US$3.05 – US$4.49 · falling, −57% a year
- Price in channel
- 94% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$4.49
- Turns bearish below
- US$3.06
Price history, with the path projected 3 months forward
Updated 10:20 PM ET (62 h ago)
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$4.13
level as at 1 Nov 2026
Our target
US$4.46
by 2 Nov 2026
Projected move
8.0%
gross, before costs
Price is between our buy and target.
Target: NVD's usual move size (8.0%), the best return per day on this path.
This move size: reached in 45% of 11 past stretches, typically in 10 days. (0.80% per day)
- Upper line touches
- 3
- Lower line touches
- 2
- Fit confidence
- 43%
- Fitted
- 1 Nov 2026
Company information
About GraniteShares 2x Short NVDA Daily ETF
This Fund aims to deliver daily investment outcomes, before accounting for its operational costs and fees, that are double the inverse daily percentage movement of NVIDIA Corporation's (NASDAQ: NVDA) common stock. It is important to note that the Fund cannot guarantee it will consistently achieve this stated daily objective. Investors should also be aware that, due to the daily resetting of its leveraged position, the Fund is not designed to replicate negative two times NVIDIA's cumulative performance over periods extending beyond a single trading day.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
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- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$59.15M
- Enterprise value
- —
- Beta
- -2.90
- Avg volume
- 76.92M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 3.19-9.76
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.