Technical Analysis for FNGD - BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
24.44 | 6.21% | 1.43 |
FNGD closed up 6.21 percent on Tuesday, June 25, 2019, on 1.15 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above 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 | Down | Up | Up |
| See historical FNGD trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Expansion Pivot Buy Setup | Bullish Swing Setup | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 50 DMA | Bearish | 6.21% | |
| Narrow Range Bar | Range Contraction | 6.21% | |
| Inside Day | Range Contraction | 6.21% | |
| Wide Bands | Range Expansion | 6.21% | |
| Oversold Stochastic | Weakness | 6.21% | |
| 50 DMA Support | Bullish | 4.76% |
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The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more FNGD news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 52.04 |
| 52 Week Low | 17.6 |
| Average Volume | 96,018 |
| 200-Day Moving Average | 27.7148 |
| 50-Day Moving Average | 23.2302 |
| 20-Day Moving Average | 26.2571 |
| 10-Day Moving Average | 24.2687 |
| Average True Range | 1.4155 |
| ADX | 21.78 |
| +DI | 28.8409 |
| -DI | 30.6125 |
| Chandelier Exit (Long, 3 ATRs ) | 29.5434 |
| Chandelier Exit (Short, 3 ATRs ) | 26.4965 |
| Upper Bollinger Band | 31.5663 |
| Lower Bollinger Band | 20.9479 |
| Percent B (%b) | 0.33 |
| BandWidth | 40.44011 |
| MACD Line | -0.2701 |
| MACD Signal Line | 0.2594 |
| MACD Histogram | -0.5295 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 26.57 | ||||
| Resistance 3 (R3) | 26.36 | 25.45 | 26.21 | ||
| Resistance 2 (R2) | 25.45 | 24.90 | 25.55 | 26.10 | |
| Resistance 1 (R1) | 24.94 | 24.57 | 25.19 | 25.15 | 25.98 |
| Pivot Point | 24.03 | 24.03 | 24.15 | 24.13 | 24.03 |
| Support 1 (S1) | 23.52 | 23.48 | 23.78 | 23.73 | 22.90 |
| Support 2 (S2) | 22.61 | 23.15 | 22.71 | 22.78 | |
| Support 3 (S3) | 22.10 | 22.61 | 22.67 | ||
| Support 4 (S4) | 22.31 |
