MICROSECTORS FANG INDEX 2X L (FNGO) Stock Technical Analysis
USA - NYSEARCA:FNGO - US0636798565 - ETF
123.138 USD
+0.01 (+0.01%)
123.138 USD
0 (0%)
Overall FNGO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FNGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: FNGO has an average volume of 24158 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FNGO is one of the better performing stocks in the market, outperforming 91% of all stocks.
FNGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FNGO has a been trading in the 106.28 - 125.14 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although FNGO has an excellent technical rating, it does not present a decent entry opportunity 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
61.11
124.37
We found 3 important support areas.
- A support zone ranging from 114.91 to 115.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 107.44 to 107.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.73 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 | UP | POSITIVE | The long term trend for FNGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNGO is up. |
| ChartMill Relative Strength | 91.49 | POSITIVE | FNGO has a high relative strength, it outperformed 91.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.58 | NEUTRAL | The RSI value for FNGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests FNGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests FNGO may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FNGO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for FNGO suggests a possible start of a new 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)
123.138
+0.01 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.01%
1 Week3.99%
2 Weeks4.72%
1 Month6.14%
3 Month25.37%
6 Month63.39%
12 Month77.69%
2 Year264.85%
3 Year666.26%
5 Year337.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.35
ATR(20)%2.72%
ATR Inc-51.34%
Range Today1.34
ADR(20)2.82
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.49
Mansfield2.29
10 Day High125.15
10 Day Low108.03
20 Day High125.15
20 Day Low106.28
52 Week High125.15
52 Week Low48.67
CS1 End115.8
CR1 StartN/A
Volume & EV
DER(3)1.73%
DER(5)0.2%
Volume7.10K
Volume Incr-15.96%
Vol(5)13.00K
Vol(50)24.16K