FNGD Stock MicroSectors™ FANG+™ -3X Invrs Lvrgd ETN (FNGD, $16.52) entered Uptrend as Momentum indicator ascends above 0 level on Nov 21, 2024

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FNGD - MicroSectors™ FANG+™ -3X Invrs Lvrgd ETN

Momentum signal

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Odds of UP Trend

Price: $16.52

Daily change: -$0.12 (-0.72%)

Daily volume: 3M

Net Assets: $83M

FNGD's RSI Oscillator ascends from oversold territory

The RSI Oscillator for FNGD moved out of oversold territory on November 14, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 49 similar instances when the indicator left oversold territory. In of the 49 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 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 Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on FNGD as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FNGD just turned positive on November 18, 2024. Looking at past instances where FNGD's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 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.

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 November 20, 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.