Leveraged etfs above pivot point

Screening Filters

1. support_resistance_relationship: PriceBreakResistance, PriceAroundResistance

   • Purpose:
     • PriceBreakResistance: Finds securities whose current price has broken above a defined resistance level.
     • PriceAroundResistance: Finds securities trading near a resistance level, often just at or slightly above it.
   • Rationale:
     Your request is for leveraged ETFs “trading above their pivot points.” Pivot points are a form of derived support/resistance levels.
     • While this screener does not support classic pivot-point calculations directly (e.g., PP, R1, R2, etc.), using resistance-based filters is a practical proxy.
     • A leveraged ETF that has broken above resistance (PriceBreakResistance) is typically trading above a key reference level, analogous to being above an important pivot/resistance level.
     • PriceAroundResistance captures names that are sitting right at or just above those resistance zones, which often overlaps with the “around/breaking above pivot” behavior traders look for.

2. themes: Leveraged

   • Purpose: Restricts results to leveraged ETFs and ETPs (e.g., 2x, 3x bull/bear products).
   • Rationale:
     • You specifically asked for leveraged ETFs, not regular ETFs or stocks.
     • This theme filter ensures the universe is narrowed only to products designed with leverage (daily 2x, 3x, etc.), matching the exact vehicle type you’re interested in.

Why Results Match:

• The Leveraged theme directly satisfies the requirement that all hits be leveraged ETFs, not ordinary ETFs or common stocks.
• We do not support classic pivot-point indicators explicitly in the screener (e.g., “above daily pivot point” using the standard (H+L+C)/3 formula and its R1/R2 levels).
• However, pivot points are functionally used as support/resistance zones, and:
  • PriceBreakResistance captures leveraged ETFs that have moved above a key resistance level—a close conceptual match to “above pivot” behavior.
  • PriceAroundResistance captures leveraged ETFs trading in the immediate area of those levels, which aligns with monitoring instruments near/around pivot-type price zones.

So while the screen does not apply literal pivot-point calculations, the chosen support/resistance relationship filters plus the leveraged theme provide a practical and technically consistent way to approximate “leveraged ETFs currently trading above their pivot points.”