Overall FNGB gets a technical rating of 6 out of 10. In the last year, FNGB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
FNGB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.77, a Stop Loss order could be placed below this zone.
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20.47
When analyzing the support we notice one important area.
- A support zone ranging from 20.68 to 20.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.30 to 21.69. This zone is formed by a combination of multiple trend lines and important moving averages 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 FNGB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNGB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FNGB 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 FNGB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNGB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 61.68 | NEUTRAL | The RSI value for FNGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests FNGB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.11 | NEUTRAL | The Stochastics value for FNGB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for FNGB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for FNGB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.70 | 20.67 | 1.03 (4.75%) | 21.07% |
| An entry @21.70. This is a Buy Stop order right above the resistance zone. | An exit @20.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.03 points, which is 4.75%. | For a 1.00% total portfolio risk, you can invest 21.07% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FNGB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.28
+0.6 (+2.9%)
MS FANG+ 3X LEVERAGED ETN / FNGB FAQ
What is the technical rating for FNGB stock?
ChartMill assigns a technical rating of 6 / 10 to FNGB.
Can you provide the trend direction for MS FANG+ 3X LEVERAGED ETN?
The current trend direction for MS FANG+ 3X LEVERAGED ETN (FNGB) is Bullish.
Can you provide the RSI signal for MS FANG+ 3X LEVERAGED ETN?
MS FANG+ 3X LEVERAGED ETN (FNGB) has an RSI value of 61.6782. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MS FANG+ 3X LEVERAGED ETN?
The short term momentum for MS FANG+ 3X LEVERAGED ETN (FNGB) is positive.
What are the support and resistance levels for MS FANG+ 3X LEVERAGED ETN (FNGB) stock?
MS FANG+ 3X LEVERAGED ETN (FNGB) has a support level at 20.77 and a resistance level at 21.3. Check the full technical report for our detailed analysis of FNGB support and resistance levels.