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FNGD
ETF ticker: NYSE ARCA
AS OF
Dec 24, 12:19 PM (EDT)
Price
$12.14
Change
-$0.48 (-3.80%)
Net Assets
104.96M

FNGD MicroSectors™ FANG+™ -3X Invrs Lvrgd ETN Forecast, Technical & Fundamental Analysis

Category Trading
FNGD
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FNGD with price predictions
Dec 23, 2024

Momentum Indicator for FNGD turns negative, indicating new downward trend

FNGD saw its Momentum Indicator move below the 0 level on December 02, 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 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 23, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where FNGD's RSI Indicator exited the oversold zone, of 51 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where FNGD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FNGD just turned positive on December 19, 2024. Looking at past instances where FNGD's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. 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 .

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

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FNGD
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
Phone
N/A
Web
N/A
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FNGD
1D Price
Change %
FNGD100%
-3.96%
SQQQ - FNGD
95%
Closely correlated
-2.85%
SH - FNGD
86%
Closely correlated
-0.61%
SDS - FNGD
83%
Closely correlated
-1.33%
SPXS - FNGD
81%
Closely correlated
-1.97%
NVDD - FNGD
74%
Closely correlated
-3.53%
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