IONL Stock Analysis: Buy, Sell, or Hold?
IONL - GraniteShares 2x Long IONQ Daily ETF
$22.94
0.05 (0.22%)
▲
5d:
-28.74%
30d:
-35.74%
90d:
-70.03%
WAIT
LOW Confidence
Last Updated: February 3, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
⏸️ WAIT FOR STABILIZATION: IONL is down 28.7% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
⏸️ WAIT FOR STABILIZATION: IONL is down 28.7% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
In-depth Analysis How we analyze
Valuation Analysis: IONL is currently trading at $22.94, which is considered oversold relative to its 30-day fair value range of $29.54 to $40.95.
Technical Outlook: Technically, IONL is in a strong downtrend. Immediate support is located at $20.60, while resistance sits at $43.78.
Market Sentiment: IONL has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, IONL is in a strong downtrend. Immediate support is located at $20.60, while resistance sits at $43.78.
Market Sentiment: IONL has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Fair Price Range
$29.54 -
$40.95
Company Quality Score
41/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
63.6%
All Signals
- BULLISH: Price oversold vs 30-day range
- BULLISH: Options cheap (IV 0th percentile)
- BEARISH: Weak technical setup (25/100)
- BULLISH: High volume confirmation
- WARNING: Recommendation downgraded due to -28.7% 5-day decline - wait for stabilization
Fair Price Analysis
30-Day Fair Range
$29.54 -
$40.95
Current vs Fair Value
OVERSOLD
Expected Move (7 Days)
±$3.92
(17.1%)
Support & Resistance Levels
Support Level
$20.60
Resistance Level
$43.78
Current Trend
Strong Downtrend
Last updated: February 04, 2026 9:12 AM ET
Data refreshes hourly during market hours. Next update: 10:12 AM
Data refreshes hourly during market hours. Next update: 10:12 AM
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Technical Signals Check
Is IONL showing a specific setup today?