FNGD MicroSectors™ FANG+™ -3X Invrs Lvrgd ETN Forecast, Technical & Fundamental Analysis
FNGD in +7.17% Uptrend, advancing for three consecutive days on January 08, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FNGD advanced for three days, in of 237 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 08, 2025. You may want to consider a long position or call options on FNGD as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 49 cases where FNGD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNGD 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 FNGD entered a downward trend on December 26, 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.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GINNX | 60.43 | 0.94 | +1.58% |
| Guinness Atkinson™ Global Inntrs Instl | |||
| KTCCX | 14.29 | 0.22 | +1.56% |
| DWS Science and Technology C | |||
| ILGRX | 41.93 | 0.53 | +1.28% |
| Macquarie Large Cap Growth Fund R6 | |||
| CMPAX | 26.44 | -0.11 | -0.41% |
| Calvert Small/Mid-Cap A | |||
| SCVJX | 38.54 | -0.33 | -0.85% |
| Allspring Small Company Value R6 | |||
FNGD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FNGD has been closely correlated with SQQQ. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGD jumps, then SQQQ could also see price increases.
| Ticker / NAME | Correlation To FNGD | 1D Price Change % | ||
|---|---|---|---|---|
| FNGD | 100% | -7.92% | ||
| SQQQ - FNGD | 95% Closely correlated | -3.80% | ||
| SH - FNGD | 86% Closely correlated | -0.56% | ||
| SDS - FNGD | 83% Closely correlated | -1.02% | ||
| SPXS - FNGD | 81% Closely correlated | -1.56% | ||
| NVDD - FNGD | 74% Closely correlated | -4.26% | ||
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