MICROSECTORS FANG+ INDEX 3X (FNGA) Stock Technical Analysis
NYSEARCA:FNGA - NYSE Arca - US0636795348 - ETF - Currency: USD
Overall FNGA gets a technical rating of 4 out of 10. FNGA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, FNGA is a bad performer in the overall market: 100% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
FNGA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
FNGA has an average volume of 1090580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FNGA has an average technical rating and also the quality of the setup is only medium 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
308.48
447.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 431.35 to 433.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @311.60 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 443.27 to 443.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for FNGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNGA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FNGA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FNGA is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for FNGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.98 | POSITIVE | The MACD value suggests FNGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.08 | OVERBOUGHT | The high Stochastics value suggests FNGA may be overbought. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for FNGA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for FNGA 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)
433.9
+2.54 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week0.37%
2 Weeks10.02%
1 Month28.71%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)16.91
ATR(20)%5.4%
ATR Inc-88.84%
Range Today0.27
ADR(20)18.08
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High451
10 Day Low421.11
20 Day High451
20 Day Low264.21
52 Week HighN/A
52 Week LowN/A
CS1 End433.69
CR1 Start443.27
Volume & EV
DER(3)0.3%
DER(5)-0.03%
Volume1.14M
Volume Incr152.37%
Vol(5)2.40M
Vol(50)1.09M