MICROSECTORS FANG+ INDEX -3X (FNGD) Stock Technical Analysis
NYSEARCA:FNGD - NYSE Arca - US06367V4023 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to FNGD. FNGD'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.
When comparing the yearly performance of all stocks, FNGD is a bad performer in the overall market: 99% of all stocks are doing better.
FNGD is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month FNGD has a been trading in the 7.43 - 9.20 range, which is quite wide. It is currently trading near the lows of this range.
FNGD has an average volume of 5106490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of FNGD 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
7.53
13.21
When analyzing the resistance we notice one important area.
- Resistance @13.08 from a trend line in the weekly 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 FNGD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FNGD is down. |
| ChartMill Relative Strength | 1.76 | NEGATIVE | FNGD has a low relative strength, it was outperformed by 98.24% 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) | 28.35 | OVERSOLD | The low RSI value suggests FNGD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FNGD has a positive trend. |
| Stochastics (14,3) | 9.91 | OVERSOLD | The low Stochastics value suggests FNGD may be oversold. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for FNGD suggests high volalility. |
| Average Directional Index/ADX (14) | 25.36 | POSITIVE | The high ADX value value for FNGD suggests a strong 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)
7.61
-0.01 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.13%
1 Week-1.93%
2 Weeks-7.98%
1 Month-13.13%
3 Month-53.17%
6 Month-40.55%
12 Month-70.25%
2 Year-91.5%
3 Year-98.83%
5 Year-99.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%5.05%
ATR Inc-24.75%
Range Today0.27
ADR(20)0.36
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.76
Mansfield-5.84
10 Day High8.72
10 Day Low7.43
20 Day High9.2
20 Day Low7.43
52 Week High36.67
52 Week Low7.43
CS1 EndN/A
CR1 Start13.08
Volume & EV
DER(3)5.71%
DER(5)5.36%
Volume6.53M
Volume Incr19.68%
Vol(5)5.10M
Vol(50)5.11M