DIREXION DAILY FIN BEAR 3X (FAZ) Stock Technical Analysis
NYSEARCA:FAZ - NYSE Arca - US25460E2404 - ETF - Currency: USD
Taking everything into account, FAZ scores 1 out of 10 in our technical rating. FAZ 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, FAZ is a bad performer in the overall market: 89% of all stocks are doing better.
FAZ 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.
FAZ has an average volume of 17255700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FAZ has a been trading in the 5.06 - 5.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of FAZ 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
5.03
6.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.19 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.08 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.75 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.20 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.61
Mansfield-3.98
10 Day High5.58
10 Day Low5.06
20 Day High5.61
20 Day Low5.06
52 Week High11.92
52 Week Low5.06
Performance
1 Week6.13%
2 Weeks8.63%
1 Month0.36%
3 Month-0.36%
6 Month-34.9%
12 Month-51.28%
2 Year-67.58%
3 Year-71.38%
5 Year-98.12%
10 Year-99.93%
15 Year-100%
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)52.77
LBB5.02
UBB5.51
5.54
+0.2 (+3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.75%
1 Week6.13%
2 Weeks8.63%
1 Month0.36%
3 Month-0.36%
6 Month-34.9%
12 Month-51.28%
2 Year-67.58%
3 Year-71.38%
5 Year-98.12%
10 Year-99.93%
15 Year-100%
Volatility
ATR(14)0.19
ATR(20)%3.37%
ATR Inc80.97%
Range Today0.27
ADR(20)0.18
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.61
Mansfield-3.98
10 Day High5.58
10 Day Low5.06
20 Day High5.61
20 Day Low5.06
52 Week High11.92
52 Week Low5.06
CS1 End5.28
CR1 Start5.75
Volume & EV
DER(3)7.1%
DER(5)4.15%
Volume30.71M
Volume Incr30.75%
Vol(5)23.03M
Vol(50)17.26M