MS FANG+ 3X LEVERAGED ETN (FNGU) Stock Technical Analysis
NYSEARCA:FNGU - NYSE Arca - US0636793855 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to FNGU. FNGU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, FNGU is a bad performer in the overall market: 100% 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.
FNGU has an average volume of 3655160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FNGU has a been trading in the 23.15 - 27.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, FNGU does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for FNGU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.26
25.83
When analyzing the support we notice one important area.
- A support zone ranging from 23.49 to 23.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.28 to 25.57. This zone is formed by a combination of multiple trend lines 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 FNGU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FNGU is down. |
| ChartMill Relative Strength | 0.14 | NEGATIVE | FNGU has a low relative strength, it was outperformed by 99.86% 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) | DOWN | NEGATIVE | The current price of FNGU is below a declining 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) | 18.21 | OVERSOLD | The low RSI value suggests FNGU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 17.92 | POSITIVE | The MACD value suggests FNGU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.82 | NEUTRAL | The Stochastics value for FNGU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for FNGU suggests some volalility. |
| Average Directional Index/ADX (14) | 70.3 | POSITIVE | The high ADX value value for FNGU 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)
24.97
-0.3 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.19%
1 Week-0.47%
2 Weeks4.46%
1 Month1.08%
3 Month-95.77%
6 Month-94.42%
12 Month-90.2%
2 Year-83.52%
3 Year-74.6%
5 Year-66.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%4.28%
ATR Inc19.99%
Range Today1.66
ADR(20)0.94
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.14
Mansfield-9.44
10 Day High27.16
10 Day Low23.15
20 Day High27.16
20 Day Low23.15
52 Week High697.87
52 Week Low21.83
CS1 End23.64
CR1 Start25.28
Volume & EV
DER(3)4.24%
DER(5)-0.27%
Volume5.53M
Volume Incr25.9%
Vol(5)6.27M
Vol(50)3.66M