MS FANG+ 3X LEVERAGED ETN (FNGU) Technical Analysis
NYSEARCA:FNGU • US0636793855
Current stock price
FNGU Technical Rating and Analysis
Taking everything into account, FNGU scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FNGU was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, FNGU is a bad performer in the overall market: 95% of all stocks are doing better.
- FNGU 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 FNGU has a been trading in the 13.48 - 23.97 range, which is quite wide. It is currently trading near the high of this range.
- FNGU has an average volume of 7066850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FNGU Weekly and Daily overview Charts
FNGU Setup Rating and Analysis
FNGU has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
FNGU Support and Resistance Analysis
23.43
2 important resistance areas can be observed.
- A resistance zone ranging from 23.68 to 23.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.19 from a horizontal line in the daily time frame.
FNGU Technical Indicator Signal Analysis
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 FNGU is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNGU is up. |
| ChartMill Relative Strength | 5.09 | NEGATIVE | FNGU has a low relative strength, it was outperformed by 94.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNGU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNGU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FNGU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.79 | OVERBOUGHT | The high RSI value suggests FNGU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests FNGU has a positive trend. |
| Stochastics (14,3) | 98.81 | OVERBOUGHT | The high Stochastics value suggests FNGU may be overbought. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for FNGU suggests high volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for FNGU suggests a strong trend. |
FNGU Chart- and CandleStick Pattern Analysis
FNGU Technicals: Chart, Performance Metrics, Trend & Indicators
23.67
+0.15 (+0.64%)
MS FANG+ 3X LEVERAGED ETN / FNGU TA FAQ
What is the ChartMill technical rating of MS FANG+ 3X LEVERAGED ETN (FNGU) stock?
ChartMill assigns a technical rating of 4 / 10 to FNGU.
What is the current trend direction of MS FANG+ 3X LEVERAGED ETN (FNGU) stock?
The current trend direction for MS FANG+ 3X LEVERAGED ETN (FNGU) is Bearish.
What is the RSI signal for MS FANG+ 3X LEVERAGED ETN (FNGU) stock?
MS FANG+ 3X LEVERAGED ETN (FNGU) has an RSI value of 72.7933. This indicates that the stock is currently overbought.
What is the MACD signal for MS FANG+ 3X LEVERAGED ETN (FNGU) stock?
The MACD indicator for MS FANG+ 3X LEVERAGED ETN (FNGU) has a value of 0.919224, indicating a bearish trend.
What is the short term momentum for MS FANG+ 3X LEVERAGED ETN (FNGU) stock?
The short term momentum for MS FANG+ 3X LEVERAGED ETN (FNGU) is positive.