Technical Analysis for FAZ - Direxion Financial Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
34.03 | -0.90% | -0.31 |
FAZ closed down 0.9 percent on Tuesday, September 17, 2019, on 55 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. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| See historical FAZ trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Slingshot Bearish | Bearish Swing Setup | -0.90% | |
| Oversold Stochastic | Weakness | -0.90% | |
| New 52 Week Closing Low | Bearish | -0.76% | |
| Narrow Range Bar | Range Contraction | -0.76% | |
| NR7 | Range Contraction | -0.76% | |
| New 52 Week Low | Weakness | -0.76% |
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The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index.
The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, 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.
Exchange Traded Fund Index Fund Index Economic Growth Russell 1000 High Eff Defensive Mod
Exchange Traded Fund Index Fund Index Economic Growth Russell 1000 High Eff Defensive Mod
| 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. | ||
See more FAZ news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 84.95 |
| 52 Week Low | 33.88 |
| Average Volume | 656,053 |
| 200-Day Moving Average | 45.8208 |
| 50-Day Moving Average | 37.0348 |
| 20-Day Moving Average | 36.897 |
| 10-Day Moving Average | 35.022 |
| Average True Range | 1.253 |
| ADX | 20.17 |
| +DI | 22.5286 |
| -DI | 33.1773 |
| Chandelier Exit (Long, 3 ATRs ) | 37.401 |
| Chandelier Exit (Short, 3 ATRs ) | 37.639 |
| Upper Bollinger Band | 41.0375 |
| Lower Bollinger Band | 32.7565 |
| Percent B (%b) | 0.15 |
| BandWidth | 22.443559 |
| MACD Line | -1.0839 |
| MACD Signal Line | -0.7165 |
| MACD Histogram | -0.3673 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 34.84 | ||||
| Resistance 3 (R3) | 34.93 | 34.73 | 34.71 | ||
| Resistance 2 (R2) | 34.73 | 34.53 | 34.69 | 34.66 | |
| Resistance 1 (R1) | 34.38 | 34.40 | 34.29 | 34.30 | 34.62 |
| Pivot Point | 34.19 | 34.19 | 34.14 | 34.15 | 34.19 |
| Support 1 (S1) | 33.84 | 33.98 | 33.74 | 33.76 | 33.44 |
| Support 2 (S2) | 33.65 | 33.86 | 33.61 | 33.40 | |
| Support 3 (S3) | 33.30 | 33.65 | 33.35 | ||
| Support 4 (S4) | 33.22 |
