Technical Analysis for FAS - Direxion Financial Bull 3X Shares

Grade Last Price % Change Price Change
grade F 51.02 -1.90% -0.99
FAS closed down 1.9 percent on Tuesday, December 11, 2018, on 1.48 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
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Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical FAS trend table...

Date Alert Name Type % Chg
Dec 11 New 52 Week Closing Low Bearish 0.00%
Dec 11 Slingshot Bearish Bearish Swing Setup 0.00%
Dec 11 Lower Bollinger Band Walk Weakness 0.00%
Dec 11 Stochastic Reached Oversold Weakness 0.00%
Dec 11 Below Lower BB Weakness 0.00%
Dec 11 Down 3 Days in a Row Weakness 0.00%
Dec 11 Down 4 Days in a Row Weakness 0.00%
Dec 11 Down 5 Days in a Row Weakness 0.00%
Dec 11 Lower Bollinger Band Touch Weakness 0.00%
Dec 11 Oversold Stochastic Weakness 0.00%

Older signals for FAS ...

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Profile
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.
Is FAS a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Date Title
Dec 11 Bank stocks decline is oversold, says Deutsche Bank
Dec 11 Tech Helps Stocks Make a Huge Turnaround
Dec 7 Consumer credit rises 7.75% in October, Fed says
Dec 4 Banks get hammered by sliding Treasury yields
Dec 3 OCC report sees risks emerging in federal banking system
Nov 30 U.S. consumer debt seen reaching $4T by year-end--not a problem, yet
Nov 26 Financials rally, but still down YTD
Nov 22 Thankfully, No Steep Selloff on Wednesday
Nov 21 Why Are Financial Stocks Falling when Rising Rates Should Help?
Nov 14 Maxine Waters says easing bank regulations will stop
See more FAS news...
Indicators
Indicator Value
52 Week High 82.8
52 Week Low 49.26
Average Volume 1,666,816
200-Day Moving Average 66.6818
50-Day Moving Average 60.8362
20-Day Moving Average 58.7385
10-Day Moving Average 58.109
Average True Range 3.5951
ADX 20.54
+DI 20.0482
-DI 33.8976
Chandelier Exit (Long, 3 ATRs ) 55.1647
Chandelier Exit (Short, 3 ATRs ) 60.0453
Upper Bollinger Band 65.8008
Lower Bollinger Band 51.6762
Percent B (%b) -0.05
BandWidth 24.046579
MACD Line -1.9877
MACD Signal Line -1.1104
MACD Histogram -0.8773
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.77
Resistance 3 (R3) 57.23 55.78 55.81
Resistance 2 (R2) 55.78 54.32 55.55 55.49
Resistance 1 (R1) 53.40 53.41 52.68 52.94 55.17
Pivot Point 51.95 51.95 51.59 51.72 51.95
Support 1 (S1) 49.57 50.49 48.85 49.11 46.87
Support 2 (S2) 48.12 49.58 47.89 46.55
Support 3 (S3) 45.74 48.12 46.23
Support 4 (S4) 45.28