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 1 out of 10 to FAZ. 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.
- 84% of all other stocks performed better in the past year than FAZ.
- FAZ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month FAZ has a been trading in the 40.94 - 56.37 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.
- FAZ has an average volume of 1044110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FAZ Weekly and Daily overview Charts
FAZ Setup Rating and Analysis
The technical rating of FAZ 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
FAZ Support and Resistance Analysis
41.84
When analyzing the support we notice one important area.
- Support @42.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @54.13 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 | 16.39 | NEGATIVE | FAZ has a low relative strength, it was outperformed by 83.61% 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) | UP | MIXED | The current price of FAZ is below 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) | 33.49 | NEUTRAL | The RSI value for FAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.04 | NEGATIVE | The MACD value suggests FAZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.56 | OVERSOLD | The low Stochastics value suggests FAZ may be oversold. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for FAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 21.16 | 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
42.27
-1 (-2.31%)
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 1 / 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 33.4922. 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.