Technical Analysis for FAZ - Direxion Financial Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 26.78 | -2.62% | -0.72 |
FAZ closed down 2.62 percent on Wednesday, May 5, 2021, on 64 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 bears made the stock sink to a new 52-week low. 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 |
| 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% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Below Lower BB | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% |
Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App
| Alert | Time |
|---|---|
| Down 3% | about 10 hours ago |
| Down 2 % | about 13 hours ago |
| Fell Below Lower Bollinger Band | about 13 hours ago |
| 60 Minute Opening Range Breakdown | about 13 hours ago |
| 2x Volume Pace | about 14 hours ago |
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Basic chart:
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.
Keywords: Exchange Traded Fund ETF Index Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Russell 1000 High Eff Defensive Mod
Classification
Keywords: Exchange Traded Fund ETF Index Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Russell 1000 High Eff Defensive Mod
Top 10 Components
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 251.44 |
| 52 Week Low | 26.53 |
| Average Volume | 950,840 |
| 200-Day Moving Average | 74.18 |
| 50-Day Moving Average | 33.55 |
| 20-Day Moving Average | 30.31 |
| 10-Day Moving Average | 29.03 |
| Average True Range | 1.35 |
| ADX | 20.45 |
| +DI | 14.93 |
| -DI | 30.87 |
| Chandelier Exit (Long, 3 ATRs ) | 29.31 |
| Chandelier Exit (Short, 3 ATRs ) | 30.57 |
| Upper Bollinger Band | 33.80 |
| Lower Bollinger Band | 26.82 |
| Percent B (%b) | -0.01 |
| BandWidth | 23.00 |
| MACD Line | -1.93 |
| MACD Signal Line | -1.78 |
| MACD Histogram | -0.153 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 27.47 | ||||
| Resistance 3 (R3) | 27.46 | 27.23 | 27.35 | ||
| Resistance 2 (R2) | 27.23 | 27.05 | 27.23 | 27.32 | |
| Resistance 1 (R1) | 27.00 | 26.94 | 26.88 | 27.01 | 27.28 |
| Pivot Point | 26.77 | 26.77 | 26.71 | 26.77 | 26.77 |
| Support 1 (S1) | 26.54 | 26.59 | 26.43 | 26.55 | 26.28 |
| Support 2 (S2) | 26.31 | 26.48 | 26.31 | 26.24 | |
| Support 3 (S3) | 26.08 | 26.31 | 26.21 | ||
| Support 4 (S4) | 26.09 |
