Technical Analysis for FAZ - Direxion Financial Bear 3X Shares

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals
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%

Older signals for FAZ ...

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Profile
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
Is FAZ 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.
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