Technical Analysis for FAZ - Direxion Financial Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
11.78 | -2.56% | -0.31 |
FAZ closed down 2.56 percent on Tuesday, January 15, 2019, on 67 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 | Up | Down | Down |
| See historical FAZ trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 15 | Fell Below 50 DMA | Bearish | 0.00% |
| Jan 15 | MACD Bearish Centerline Cross | Bearish | 0.00% |
| Jan 15 | Wide Bands | Range Expansion | 0.00% |
| Jan 15 | Down 3 Days in a Row | Weakness | 0.00% |
| Jan 15 | Down 4 Days in a Row | Weakness | 0.00% |
| Jan 15 | Down 5 Days in a Row | Weakness | 0.00% |
| Jan 15 | Oversold Stochastic | Weakness | 0.00% |
| Jan 14 | 50 DMA Support | Bullish | -2.56% |
| Jan 14 | Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | -2.56% |
| Jan 14 | Strong but Oversold | Other | -2.56% |
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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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 2 bullish, 1 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 | 16.99 |
| 52 Week Low | 8.8 |
| Average Volume | 3,981,094 |
| 200-Day Moving Average | 10.7951 |
| 50-Day Moving Average | 12.0618 |
| 20-Day Moving Average | 13.5355 |
| 10-Day Moving Average | 12.688 |
| Average True Range | 0.7918 |
| ADX | 19.4 |
| +DI | 17.3429 |
| -DI | 23.882 |
| Chandelier Exit (Long, 3 ATRs ) | 14.6146 |
| Chandelier Exit (Short, 3 ATRs ) | 14.0954 |
| Upper Bollinger Band | 15.9015 |
| Lower Bollinger Band | 11.1695 |
| Percent B (%b) | 0.13 |
| BandWidth | 34.95992 |
| MACD Line | -0.0763 |
| MACD Signal Line | 0.2559 |
| MACD Histogram | -0.3321 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 12.56 | ||||
| Resistance 3 (R3) | 12.63 | 12.43 | 12.43 | ||
| Resistance 2 (R2) | 12.43 | 12.23 | 12.40 | 12.39 | |
| Resistance 1 (R1) | 12.11 | 12.11 | 12.01 | 12.04 | 12.34 |
| Pivot Point | 11.91 | 11.91 | 11.87 | 11.88 | 11.91 |
| Support 1 (S1) | 11.59 | 11.71 | 11.49 | 11.52 | 11.22 |
| Support 2 (S2) | 11.39 | 11.59 | 11.36 | 11.17 | |
| Support 3 (S3) | 11.07 | 11.39 | 11.13 | ||
| Support 4 (S4) | 11.00 |
