DIREXION DAILY FIN BULL 3X (FAS) Stock Technical Analysis
USA - NYSEARCA:FAS - US25459Y6941 - ETF
160.99 USD
-11.15 (-6.48%)
164.3 USD
+3.31 (+2.06%)
We assign a technical rating of 2 out of 10 to FAS. FAS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month FAS has a been trading in the 160.82 - 184.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, FAS turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
The technical rating of FAS is bad and it also does not present a quality setup 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
112.26
186.43
When analyzing the support we notice one important area.
- Support @113.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 170.30 to 176.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 180.53 to 184.58. 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 | 64.76 | NEUTRAL | FAS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FAS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FAS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.77 | NEUTRAL | The RSI value for FAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests FAS has a negative trend. |
| Stochastics (14,3) | 14.52 | OVERSOLD | The low Stochastics value suggests FAS may be oversold. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for FAS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.69 | 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)
160.99
-11.15 (-6.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.48%
1 Week-8.74%
2 Weeks-9.63%
1 Month-9.08%
3 Month-2.98%
6 Month30.59%
12 Month15.74%
2 Year201.2%
3 Year118.35%
5 Year378.99%
10 Year432.02%
15 Year8610.02%
Volatility
ATR(14)6.3
ATR(20)%3.68%
ATR Inc87.48%
Range Today14.59
ADR(20)5.73
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.76
Mansfield-0.75
10 Day High181.69
10 Day Low160.82
20 Day High184.75
20 Day Low160.82
52 Week High189.23
52 Week Low92.66
CS1 End113.39
CR1 Start170.3
Volume & EV
DER(3)-7.87%
DER(5)-6.23%
Volume1.42M
Volume Incr54.48%
Vol(5)707.82K
Vol(50)496.29K