DIREXION DAILY FIN BULL 3X (FAS) Stock Technical Analysis
NYSEARCA:FAS - NYSE Arca - US25459Y6941 - ETF - Currency: USD
Taking everything into account, FAS scores 8 out of 10 in our technical rating. In the past year, FAS was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, we notice that FAS is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by FAS over the past year are nicely spread over this period.
FAS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FAS is lagging the market slightly.
In the last month FAS has a been trading in the 145.17 - 163.32 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FAS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
108.99
187.48
4 important support areas can be observed.
- A support zone ranging from 151.42 to 154.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.58 to 147.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @116.77 from a trend line in the weekly time frame.
- Support @110.09 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @164.58 from a horizontal line in the daily time frame.
- A resistance zone ranging from 182.00 to 185.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FAS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FAS is neutral. |
| ChartMill Relative Strength | 90.07 | POSITIVE | FAS has a high relative strength, it outperformed 90.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for FAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.57 | NEUTRAL | The Stochastics value for FAS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for FAS suggests some volalility. |
| Average Directional Index/ADX (14) | 9.52 | NEGATIVE | The low ADX value for FAS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
161.46
+6.27 (+4.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.04%
1 Week6.41%
2 Weeks3.33%
1 Month8.65%
3 Month5.99%
6 Month4.28%
12 Month59.88%
2 Year153.95%
3 Year155.88%
5 Year416.01%
10 Year415.85%
15 Year10049.4%
Volatility
ATR(14)5.79
ATR(20)%3.6%
ATR Inc54.19%
Range Today4.45
ADR(20)4.92
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.07
Mansfield0.56
10 Day High163.32
10 Day Low145.17
20 Day High163.32
20 Day Low145.17
52 Week High189.23
52 Week Low92.66
CS1 End154.5
CR1 Start164.58
Volume & EV
DER(3)1.07%
DER(5)-0.49%
Volume848.30K
Volume Incr24.01%
Vol(5)734.36K
Vol(50)670.38K