DIREXION DAILY FIN BEAR 3X (FAZ) Stock Technical Analysis
USA - NYSEARCA:FAZ - US25460E2164 - ETF
41.92 USD
+0.45 (+1.09%)
41.9 USD
-0.02 (-0.05%)
Taking everything into account, FAZ scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% 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 39.00 - 42.50 range, which is quite wide. It is currently trading near the high of this range.
FAZ has an average volume of 20906100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
FAZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
39.56
55.71
When analyzing the support we can see 2 important areas.
- Support @41.77 from a trend line in the daily time frame.
- A support zone ranging from 39.96 to 41.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 46.71 to 47.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.90 from a horizontal line in the daily time frame.
- Resistance @55.16 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 | NEUTRAL | NEUTRAL | The short term trend for FAZ is neutral. |
| ChartMill Relative Strength | 9.34 | NEGATIVE | FAZ has a low relative strength, it was outperformed by 90.66% 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) | 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) | 53.64 | NEUTRAL | The RSI value for FAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests FAZ has a positive trend. |
| Stochastics (14,3) | 72.09 | NEUTRAL | The Stochastics value for FAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FAZ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for FAZ 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)
41.92
+0.45 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.09%
1 Week0.62%
2 Weeks1.5%
1 Month3.51%
3 Month-6.01%
6 Month-33.46%
12 Month-42.73%
2 Year-80.63%
3 Year-79.51%
5 Year-96.43%
10 Year-99.75%
15 Year-100%
Volatility
ATR(14)1.32
ATR(20)%3.05%
ATR Inc6.16%
Range Today1.4
ADR(20)1.24
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.34
Mansfield-3.05
10 Day High42.32
10 Day Low39.66
20 Day High42.5
20 Day Low39
52 Week High87.9
52 Week Low39
CS1 End41.77
CR1 Start46.71
Volume & EV
DER(3)1.38%
DER(5)2.72%
Volume540.03K
Volume Incr-96.74%
Vol(5)637.92K
Vol(50)20.91M