RH Hedged Multi-Asset Income ETF Price & Performance (AMAX)

AMAX's technical analysis reveals conflicting signals for traders. While resistance at $7.66 suggests a potential short opportunity, breaking above this level could trigger a buy signal. Day traders are advised to set a stop loss at $7.64 for long positions or $7.68 for shorts. The stock's near-term rating remains weak.1

The $7.66 resistance level for AMAX has become a pivotal point for investors. A break above this price suggests a bullish trend with a target of $8.07 for day traders. However, failure to surpass $7.66 could signal weakness, making it a short candidate. Stop-loss strategies are critical to minimize risks.1

AMAX continues to exhibit volatility as it hovers near its resistance point at $7.66. Traders are encouraged to monitor price movements closely, as any breach could indicate a significant directional shift. Utilizing stop-loss orders at $7.64 or $7.68 is recommended to safeguard against sudden market reversals.1