DIREXION DAILY FIN BEAR 3X (FAZ) Stock Technical Analysis
USA - NYSEARCA:FAZ - US25460E2164 - ETF
Overall FAZ gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FAZ was also a bad performer in the overall market in the last year.
Although the technical rating is bad, FAZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 44.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.07, a Stop Loss order could be placed below this zone.
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39.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.03 to 44.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.95 to 42.14. 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 39.96 to 40.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 44.69 to 44.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 45.57 to 45.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @50.90 from a horizontal line in the daily time frame.
- Resistance @52.69 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FAZ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FAZ is up. |
| ChartMill Relative Strength | 10.35 | NEGATIVE | FAZ has a low relative strength, it was outperformed by 89.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FAZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.91 | NEUTRAL | The RSI value for FAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FAZ has a positive trend. |
| Stochastics (14,3) | 69.71 | NEUTRAL | The Stochastics value for FAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for FAZ suggests some volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for FAZ suggests a weak or negative trend. |
44.2
-0.14 (-0.32%)
DIREXION DAILY FIN BEAR 3X / FAZ FAQ
What is the ChartMill technical rating of DIREXION DAILY FIN BEAR 3X (FAZ) stock?
ChartMill assigns a technical rating of 3 / 10 to FAZ.
Can you provide the trend direction for DIREXION DAILY FIN BEAR 3X?
The current trend direction for DIREXION DAILY FIN BEAR 3X (FAZ) is Bearish.
What is the RSI signal for DIREXION DAILY FIN BEAR 3X (FAZ) stock?
DIREXION DAILY FIN BEAR 3X (FAZ) has an RSI value of 55.9111. This indicates that the stock is currently neutral.
What is the short term momentum for DIREXION DAILY FIN BEAR 3X (FAZ) stock?
The short term momentum for DIREXION DAILY FIN BEAR 3X (FAZ) is positive.
Can you provide the support and resistance levels for DIREXION DAILY FIN BEAR 3X?
DIREXION DAILY FIN BEAR 3X (FAZ) has a support level at 44.07 and a resistance level at 44.69. Check the full technical report for our detailed analysis of FAZ support and resistance levels.