DIREX DLY FIN BEA 3X ETF-USD (FAZ) Technical Analysis
NYSEARCA:FAZ • US25460E2164
Current stock price
FAZ Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FAZ. FAZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, FAZ is a bad performer in the overall market: 77% of all stocks are doing better.
- In the last month FAZ has a been trading in the 40.53 - 53.16 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- FAZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FAZ is lagging the market.
FAZ Weekly and Daily overview Charts
FAZ Setup Rating and Analysis
Although the technical rating is bad, FAZ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.56, a Stop Loss order could be placed below this zone.
More info and screens
FAZ Support and Resistance Analysis
41.38
When analyzing the support we notice one important area.
- A support zone ranging from 41.80 to 42.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.67 to 44.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.93 from a trend line in the weekly time frame.
FAZ Technical Indicator Signal Analysis
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 FAZ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FAZ is down. |
| ChartMill Relative Strength | 23.49 | NEGATIVE | FAZ has a low relative strength, it was outperformed by 76.51% 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) | 40.11 | NEUTRAL | The RSI value for FAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FAZ has a positive trend. |
| Stochastics (14,3) | 42.76 | NEUTRAL | The Stochastics value for FAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for FAZ suggests some volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for FAZ suggests a possible start of a new trend. |
FAZ Chart- and CandleStick Pattern Analysis
FAZ Technicals: Chart, Performance Metrics, Trend & Indicators
43.21
-0.46 (-1.05%)
DIREX DLY FIN BEA 3X ETF-USD / FAZ TA FAQ
What is the ChartMill technical rating of DIREX DLY FIN BEA 3X ETF-USD (FAZ) stock?
ChartMill assigns a technical rating of 0 / 10 to FAZ.
What is the current trend direction of DIREX DLY FIN BEA 3X ETF-USD (FAZ) stock?
The current trend direction for DIREX DLY FIN BEA 3X ETF-USD (FAZ) is Bearish.
Can you provide the RSI signal for DIREX DLY FIN BEA 3X ETF-USD?
DIREX DLY FIN BEA 3X ETF-USD (FAZ) has an RSI value of 40.1139. This indicates that the stock is currently neutral.
What is the short term momentum for DIREX DLY FIN BEA 3X ETF-USD (FAZ) stock?
The short term momentum for DIREX DLY FIN BEA 3X ETF-USD (FAZ) is negative.