FAZ Stock Direxion Daily Financial Bear 3X ETF (FAZ, $6.83) Aroon Indicator entered a Downtrend on October 18, 2024.

GET DAILY SIGNALS

Get AI intraday signals

FAZ - Direxion Daily Financial Bear 3X ETF

Aroon signal

View

Odds of DOWN Trend

Price: $6.83

Daily change: $0 (0%)

Daily volume: 11.7M

Net Assets: $141M

Momentum Indicator for FAZ turns negative, indicating new downward trend

FAZ saw its Momentum Indicator move below the 0 level on October 08, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned negative. In of the 75 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for FAZ turned negative on October 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FAZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FAZ entered a downward trend on October 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAZ advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .

FAZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.