DIREXION DAILY FIN BEAR 3X (FAZ) Stock Technical Analysis
NYSEARCA:FAZ - NYSE Arca - US25460E2404 - ETF - Currency: USD
Overall FAZ gets a technical rating of 0 out of 10. FAZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
97% of all other stocks performed better in the past year than FAZ.
FAZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month FAZ has a been trading in the 4.18 - 5.14 range, which is quite wide. It is currently trading near the lows of this range.
FAZ has an average volume of 23699000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FAZ has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for FAZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.32
6.57
4 important resistance areas can be observed.
- A resistance zone ranging from 4.41 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.57 to 4.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.09 to 5.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.50 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 | DOWN | NEGATIVE | The short term trend for FAZ is down. |
| ChartMill Relative Strength | 3.59 | NEGATIVE | FAZ has a low relative strength, it was outperformed by 96.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FAZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAZ is below a declining 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) | 41.99 | NEUTRAL | The RSI value for FAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FAZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.33 | NEUTRAL | The Stochastics value for FAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for FAZ suggests some volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for FAZ suggests a possible start of a new 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)
4.36
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-2.24%
2 Weeks3.56%
1 Month-14%
3 Month-31.01%
6 Month-23.1%
12 Month-53.81%
2 Year-73.67%
3 Year-81.01%
5 Year-96.47%
10 Year-99.93%
15 Year-100%
Volatility
ATR(14)0.15
ATR(20)%3.6%
ATR Inc-15.53%
Range Today0.06
ADR(20)0.14
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.59
Mansfield-3.7
10 Day High4.68
10 Day Low4.18
20 Day High5.14
20 Day Low4.18
52 Week High10.99
52 Week Low4.18
CS1 EndN/A
CR1 Start4.41
Volume & EV
DER(3)10.6%
DER(5)6.24%
Volume29.52M
Volume Incr23.4%
Vol(5)30.94M
Vol(50)23.70M