Technical Analysis for FNGO - MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 59.85 | 2.75% | 1.60 |
FNGO closed up 4.35 percent on Friday, May 3, 2024, on 75 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 2.75% | |
| Crossed Above 50 DMA | Bullish | 2.75% | |
| NR7 | Range Contraction | 2.75% | |
| Gapped Up | Strength | 2.75% | |
| MACD Bullish Signal Line Cross | Bullish | 7.22% | |
| 20 DMA Resistance | Bearish | 10.16% | |
| MACD Bearish Signal Line Cross | Bearish | 10.16% | |
| Fell Below 20 DMA | Bearish | 8.56% | |
| MACD Bullish Signal Line Cross | Bullish | 8.56% | |
| 50 DMA Resistance | Bearish | 4.36% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 2 hours ago |
| Up 2% | about 2 hours ago |
| Rose Above Previous Day's High | about 5 hours ago |
| Up 1% | about 5 hours ago |
| Possible NR7 | 3 days ago |
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Basic chart:
The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index).
The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
Keywords: Exchange Traded Funds New York Stock Exchange
Classification
Keywords: Exchange Traded Funds New York Stock Exchange
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 61.99 |
| 52 Week Low | 24.97 |
| Average Volume | 33,912 |
| 200-Day Moving Average | 45.27 |
| 50-Day Moving Average | 57.42 |
| 20-Day Moving Average | 56.08 |
| 10-Day Moving Average | 54.90 |
| Average True Range | 2.34 |
| RSI (14) | 55.16 |
| ADX | 12.88 |
| +DI | 32.87 |
| -DI | 29.51 |
| Chandelier Exit (Long, 3 ATRs) | 54.97 |
| Chandelier Exit (Short, 3 ATRs) | 56.67 |
| Upper Bollinger Bands | 61.92 |
| Lower Bollinger Band | 50.24 |
| Percent B (%b) | 0.69 |
| BandWidth | 20.84 |
| MACD Line | -0.43 |
| MACD Signal Line | -0.72 |
| MACD Histogram | 0.2925 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 60.07 | ||||
| Resistance 3 (R3) | 59.94 | 59.20 | 59.77 | ||
| Resistance 2 (R2) | 59.20 | 58.74 | 59.26 | 59.67 | |
| Resistance 1 (R1) | 58.72 | 58.45 | 58.96 | 58.86 | 59.56 |
| Pivot Point | 57.99 | 57.99 | 58.10 | 58.05 | 57.99 |
| Support 1 (S1) | 57.51 | 57.52 | 57.75 | 57.64 | 56.94 |
| Support 2 (S2) | 56.77 | 57.24 | 56.84 | 56.83 | |
| Support 3 (S3) | 56.30 | 56.77 | 56.73 | ||
| Support 4 (S4) | 56.43 |
