Direxion Daily Financial Bear 1 (FAZZ) Technical Analysis
NYSEARCA:FAZZ
Current stock price
FAZZ Technical Rating and Analysis
Taking everything into account, FAZZ scores 0 out of 10 in our technical rating. FAZZ'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 86% of all other stocks performed better in the past year than FAZZ.
- FAZZ is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FAZZ is lagging the market.
- In the last month FAZZ has a been trading in the 16.70 - 18.23 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: FAZZ has an average volume of 360 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days.
FAZZ Weekly and Daily overview Charts
FAZZ Setup Rating and Analysis
The technical rating of FAZZ 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
FAZZ Support and Resistance Analysis
16.57
We found 1 important support area.
- A support zone ranging from 16.74 to 16.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.34 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.78 to 18.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.86 from a horizontal line in the daily time frame.
FAZZ 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 | DOWN | NEGATIVE | The long term trend for FAZZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FAZZ is down. |
| ChartMill Relative Strength | 14 | NEGATIVE | FAZZ has a low relative strength, it was outperformed by 86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FAZZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAZZ is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.75 | NEUTRAL | The RSI value for FAZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FAZZ has a negative trend. |
| Stochastics (14,3) | 4.59 | OVERSOLD | The low Stochastics value suggests FAZZ may be oversold. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for FAZZ suggests low volalility. |
FAZZ Chart- and CandleStick Pattern Analysis
FAZZ Technicals: Chart, Performance Metrics, Trend & Indicators
Direxion Daily Financial Bear 1
NYSEARCA:FAZZ (9/25/2017, 8:04:03 PM)
16.84
+0.1 (+0.6%)
Direxion Daily Financial Bear 1 / FAZZ TA FAQ
Can you provide the ChartMill technical rating for Direxion Daily Financial Bear 1?
ChartMill assigns a technical rating of 0 / 10 to FAZZ.
What is the current trend direction of Direxion Daily Financial Bear 1 (FAZZ) stock?
The current trend direction for Direxion Daily Financial Bear 1 (FAZZ) is Bearish.
Can you provide the RSI signal for Direxion Daily Financial Bear 1?
Direxion Daily Financial Bear 1 (FAZZ) has an RSI value of 36.7483. This indicates that the stock is currently neutral.
What is the short term momentum for Direxion Daily Financial Bear 1 (FAZZ) stock?
The short term momentum for Direxion Daily Financial Bear 1 (FAZZ) is negative.
What are the support and resistance levels for Direxion Daily Financial Bear 1 (FAZZ) stock?
Direxion Daily Financial Bear 1 (FAZZ) has a support level at 16.74 and a resistance level at 17.34. Check the full technical report for our detailed analysis of FAZZ support and resistance levels.