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FNGG
ETF ticker: NYSE ARCA
AS OF
Apr 1, 04:59 PM (EDT)
Price
$137.18
Change
+$4.02 (+3.02%)
Net Assets
70.78M

FNGG Direxion Daily NYSE FANG+ Bull 2X Shares Forecast, Technical & Fundamental Analysis

The investment seeks daily investment results of 200% of the daily performance of the NYSE FANG+ Index... Show more

Category: #Trading
FNGG
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FNGG with price predictions
Mar 31, 2025

Momentum Indicator for FNGG turns negative, indicating new downward trend

FNGG saw its Momentum Indicator move below the 0 level on March 28, 2025. 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 58 similar instances where the indicator turned negative. In of the 58 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

The 10-day moving average for FNGG crossed bearishly below the 50-day moving average on February 27, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 FNGG 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 FNGG entered a downward trend on March 19, 2025. 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 FNGG's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Moving Average Convergence Divergence (MACD) for FNGG just turned positive on March 20, 2025. Looking at past instances where FNGG's MACD turned positive, the stock continued to rise in of 35 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 FNGG advanced for three days, in of 239 cases, the price rose further within the following month. The odds of a continued upward trend are .

FNGG 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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FNGG
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--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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FNGG and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, FNGG has been closely correlated with FNGU. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGG jumps, then FNGU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FNGG
1D Price
Change %
FNGG100%
-1.15%
FNGU - FNGG
94%
Closely correlated
N/A
TQQQ - FNGG
89%
Closely correlated
-0.07%
QLD - FNGG
89%
Closely correlated
-0.07%
QULL - FNGG
86%
Closely correlated
N/A
SPXL - FNGG
80%
Closely correlated
+1.78%
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