AWAY has broken out of the rectangle and is ready to RiseAWAY was in a trading range and has broken out of the trading range and is ready to rise to the previous highs
Key stats
About Amplify ETF Trust Amplify Travel Tech ETF
Home page
Inception date
Feb 12, 2020
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Amplify Investments LLC
Distributor
Foreside Fund Services LLC
AWAY is the first ETF to provide access to the technology-focused global travel and tourism industry. It is a passively managed portfolio of companies that, via the internet and internet-connected devices, facilitates travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice. To be eligible for inclusion, descriptions of a companys primary business activities in its regulatory filings must be related to travel tech, and the majority of its revenue, according to its financial reports and other filings, must be derived from travel technology business activities. Index constituents are weighted based on market capitalization and average daily value traded, in which larger and more frequently traded companies receive greater weights. The index reconstitutes and rebalances quarterly. On January 29, 2024, the fund acquired all assets and liabilities of the ETFMG Travel Tech ETF, morphing into a new ETF that employs the same strategy.
Classification
What's in the fund
Exposure type
Consumer Services
Technology Services
Stock breakdown by region
AWAY has formed a descending FlagA descending flag that forms around under 15 days are good setups and the sharp price increase before hand seems to be at a 45 degree angle so there is good chance of upside.
Away ETF hsa big potential to riseI haven't put any trading SL or TP on the chart. It is up to you if go for this trade or invest in it.I would rather be investing and wait for good news to release in the future.
Get AWAY 2021why don't we all get away this fall?
Airbnb, Inc. Class A 4.64%
Uber Technologies, Inc. 4.57%
Corporate Travel Management Limited 4.53%
Booking Holdings Inc.4.48%
Expedia Group, Inc.4.29%
Lyft, Inc. Class A4.18%
Sabre Corp.3.95%
Trip.com Group Ltd. Sponsored ADR3.91%
the global reopening appears to be on hold...after lots of optimism looks like markets changed their mind and the grand tourist reopening is postponed
AWAY bearish engulfing failAccording to statistics, a bearish engulfing fail represents a 70% chance to soar the stock, breaking the HH on the nearest uptrend.
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.