Direxion Daily Financial Bear 1 (FAZZ) Stock Technical Analysis
NYSEARCA:FAZZ - NYSE Arca -
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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.
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
16.57
19.05
When analyzing the support we notice one important 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.
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. |
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)
Direxion Daily Financial Bear 1
NYSEARCA:FAZZ (9/25/2017, 8:04:03 PM)
16.84
+0.1 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.6%
1 Week-3%
2 Weeks-3.41%
1 Month-2.83%
3 Month-8.13%
6 Month-5.71%
12 Month-29.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.09%
ATR Inc-65.1%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14
Mansfield-2.28
10 Day High18.23
10 Day Low16.7
20 Day High18.23
20 Day Low16.7
52 Week High25.84
52 Week Low16.7
CS1 End16.74
CR1 Start17.34
Volume & EV
DER(3)0%
DER(5)0%
Volume4.60K
Volume Incr286.21%
Vol(5)1.12K
Vol(50)360