DIREXION DAILY FIN BULL 3X (FAS) Stock Technical Analysis
NYSEARCA:FAS - NYSE Arca - US25459Y6941 - ETF - Currency: USD
Taking everything into account, FAS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FAS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FAS did better than 86% of all other stocks. However, we also see that FAS couldn't keep up this performance in the last couple of months.
FAS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FAS is lagging the market slightly.
In the last month FAS has a been trading in the 140.38 - 165.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
FAS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 155.91, a Stop Loss order could be placed below this zone.
More info and screens
108.12
183.82
4 important support areas can be observed.
- A support zone ranging from 153.43 to 154.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 148.59 to 148.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.66 from a trend line in the weekly time frame.
- Support @109.21 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @160.57 from a trend line in the daily time frame.
- A resistance zone ranging from 163.80 to 164.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 182.00 to 182.00. 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 | UP | POSITIVE | The long term trend for FAS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FAS is up. |
| ChartMill Relative Strength | 86.03 | POSITIVE | FAS has a high relative strength, it outperformed 86.03% 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) | 56.21 | NEUTRAL | The RSI value for FAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests FAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.36 | NEUTRAL | The Stochastics value for FAS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for FAS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.66 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 160.58 | 153.42 | 7.16 (4.46%) | 22.43% |
| An entry @160.58. This is a Buy Stop order right above the resistance zone. | An exit @153.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.16 points, which is 4.46%. | When investing 22.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FAS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:FAS (6/2/2025, 2:24:04 PM)
155.59
-0.43 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.28%
1 Week3.84%
2 Weeks-3.05%
1 Month12.33%
3 Month-15.47%
6 Month-14.27%
12 Month48.11%
2 Year190%
3 Year73.01%
5 Year383.33%
10 Year387.56%
15 Year7655.77%
Volatility
ATR(14)5.88
ATR(20)%3.82%
ATR Inc-19.48%
Range Today5.23
ADR(20)5.01
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.03
Mansfield0.73
10 Day High165.08
10 Day Low144.51
20 Day High165.08
20 Day Low140.38
52 Week High189.23
52 Week Low92.66
CS1 End155.91
CR1 Start160.57
Volume & EV
DER(3)-5.06%
DER(5)-0.36%
Volume477.45K
Volume Incr-16.98%
Vol(5)516.32K
Vol(50)865.58K