FNGO MicroSectors™ FANG+™ 2X Leveraged ETN Forecast, Technical & Fundamental Analysis
FNGO in -3.50% downward trend, falling for three consecutive days on December 04, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FNGO declined for three days, in of 258 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for FNGO moved out of overbought territory on November 29, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where FNGO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FNGO as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FNGO turned negative on December 01, 2023. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
FNGO moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FNGO crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FNGO advanced for three days, in of 379 cases, the price rose further within the following month. The odds of a continued upward trend are .
FNGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 377 cases where FNGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
FNGO and
Correlation & Price change
A.I.dvisor indicates that over the last year, FNGO has been closely correlated with TQQQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGO jumps, then TQQQ could also see price increases.
| Ticker / NAME | Correlation To FNGO | 1D Price Change % | ||
|---|---|---|---|---|
| FNGO | 100% | -2.56% | ||
| TQQQ - FNGO | 86% Closely correlated | -2.85% | ||
| QLD - FNGO | 86% Closely correlated | -1.94% | ||
| SOXL - FNGO | 73% Closely correlated | -3.38% | ||
| SSO - FNGO | 71% Closely correlated | -1.06% | ||
| SPXL - FNGO | 71% Closely correlated | -1.51% |