MICROSECTORS FANG+ INDEX -3X (FNGD) Stock Technical Analysis
USA - NYSEARCA:FNGD - US06367V4023 - ETF
4.81 USD
0 (0%)
4.88 USD
+0.07 (+1.46%)
Overall FNGD gets a technical rating of 0 out of 10. FNGD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
97% of all other stocks performed better in the past year than FNGD.
FNGD 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 FNGD has a been trading in the 4.76 - 5.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
FNGD has an average volume of 10062500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FNGD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.80, a Stop Loss order could be placed below this zone.
More info and screens
4.75
5.45
When analyzing the support we notice one important area.
- A support zone ranging from 4.80 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @4.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.00 to 5.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.16 from a trend line in the daily time frame.
- A resistance zone ranging from 5.37 to 5.40. 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 | DOWN | NEGATIVE | The long term trend for FNGD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FNGD is down. |
| ChartMill Relative Strength | 3.2 | NEGATIVE | FNGD has a low relative strength, it was outperformed by 96.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FNGD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FNGD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FNGD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.78 | NEUTRAL | The RSI value for FNGD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FNGD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.33 | NEUTRAL | The Stochastics value for FNGD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for FNGD suggests high volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for FNGD 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)
4.81
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-6.6%
2 Weeks-6.42%
1 Month-4.18%
3 Month-23.89%
6 Month-59.13%
12 Month-75.24%
2 Year-95.25%
3 Year-99.34%
5 Year-99.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%5.28%
ATR Inc-32.87%
Range Today0.08
ADR(20)0.23
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.2
Mansfield-6.1
10 Day High5.36
10 Day Low4.76
20 Day High5.36
20 Day Low4.76
52 Week High27.67
52 Week Low4.76
CS1 End4.8
CR1 Start4.82
Volume & EV
DER(3)0.25%
DER(5)1.16%
Volume12.39M
Volume Incr46.17%
Vol(5)17.29M
Vol(50)10.06M