Technical Analysis for FNGU - BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 319.55 | 6.54% | 19.61 |
FNGU closed up 6.54 percent on Friday, May 3, 2024, on 1.13 times 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 | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| MACD Bullish Signal Line Cross | Bullish | 6.54% | |
| Multiple of Ten Bearish | Other | 6.54% | |
| Inside Day | Range Contraction | 6.54% | |
| Wide Bands | Range Expansion | 6.54% | |
| Gapped Up | Strength | 6.54% |
| Alert | Time |
|---|---|
| Possible NR7 | 3 days ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| Up 1 ATR | 3 days ago |
| 50 DMA Resistance | 3 days ago |
| 2x Volume Pace | 3 days ago |
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Basic chart:
The investment seeks return linked to a three times leveraged participation in the daily performance of the NYSE FANG+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. 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 Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF New York Stock Exchange Barron's 400 Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF New York Stock Exchange Barron's 400 Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 354.8081 |
| 52 Week Low | 99.28 |
| Average Volume | 1,070,767 |
| 200-Day Moving Average | 230.57 |
| 50-Day Moving Average | 316.39 |
| 20-Day Moving Average | 303.77 |
| 10-Day Moving Average | 293.10 |
| Average True Range | 20.26 |
| RSI (14) | 54.55 |
| ADX | 13.56 |
| +DI | 29.72 |
| -DI | 27.95 |
| Chandelier Exit (Long, 3 ATRs) | 294.02 |
| Chandelier Exit (Short, 3 ATRs) | 313.11 |
| Upper Bollinger Bands | 352.29 |
| Lower Bollinger Band | 255.25 |
| Percent B (%b) | 0.66 |
| BandWidth | 31.94 |
| MACD Line | -4.59 |
| MACD Signal Line | -6.86 |
| MACD Histogram | 2.2702 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 334.88 | ||||
| Resistance 3 (R3) | 333.72 | 327.46 | 332.33 | ||
| Resistance 2 (R2) | 327.46 | 323.55 | 328.04 | 331.47 | |
| Resistance 1 (R1) | 323.50 | 321.14 | 325.48 | 324.66 | 330.62 |
| Pivot Point | 317.24 | 317.24 | 318.23 | 317.82 | 317.24 |
| Support 1 (S1) | 313.28 | 313.33 | 315.26 | 314.44 | 308.48 |
| Support 2 (S2) | 307.02 | 310.92 | 307.60 | 307.63 | |
| Support 3 (S3) | 303.06 | 307.02 | 306.78 | ||
| Support 4 (S4) | 304.22 |
