DIREXION DAILY FIN BEAR 3X (FAZ) Stock Technical Analysis
NYSEARCA:FAZ - NYSE Arca - US25460E2404 - ETF - Currency: USD
Taking everything into account, FAZ scores 3 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.
When comparing the yearly performance of all stocks, FAZ is a bad performer in the overall market: 78% of all stocks are doing better.
FAZ is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month FAZ has a been trading in the 5.47 - 8.79 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
FAZ has an average volume of 33339600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Although the technical rating is bad, FAZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FAZ 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
5.03
8.21
When analyzing the support we notice one important area.
- A support zone ranging from 5.08 to 5.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.12 to 6.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.11 from a trend line in the weekly time frame.
- Resistance @7.49 from a trend line in the weekly time frame.
- Resistance @7.68 from a trend line in the daily time frame.
- Resistance @8.13 from a horizontal 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
CRS22.49
Mansfield-2.35
10 Day High6.94
10 Day Low5.47
20 Day High8.79
20 Day Low5.47
52 Week High11.43
52 Week Low4.97
Performance
1 Week-9.18%
2 Weeks-13.55%
1 Month3.99%
3 Month4.74%
6 Month-21.37%
12 Month-47.15%
2 Year-71.5%
3 Year-77.06%
5 Year-96.98%
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)-0.12
RSI(14)44.95
LBB5.09
UBB7.72
5.74
+0.08 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.41%
1 Week-9.18%
2 Weeks-13.55%
1 Month3.99%
3 Month4.74%
6 Month-21.37%
12 Month-47.15%
2 Year-71.5%
3 Year-77.06%
5 Year-96.98%
10 Year-99.93%
15 Year-100%
Volatility
ATR(14)0.82
ATR(20)%13.34%
ATR Inc-70.02%
Range Today0.19
ADR(20)0.67
ADR(20)%11.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.49
Mansfield-2.35
10 Day High6.94
10 Day Low5.47
20 Day High8.79
20 Day Low5.47
52 Week High11.43
52 Week Low4.97
CS1 End5.09
CR1 Start6.12
Volume & EV
DER(3)6.29%
DER(5)3.53%
Volume16.80M
Volume Incr-26.08%
Vol(5)26.51M
Vol(50)33.34M