FNGU MicroSectors™ FANG+™ 3X Leveraged ETN Forecast, Technical & Fundamental Analysis
Momentum Indicator for FNGU turns negative, indicating new downward trend
FNGU saw its Momentum Indicator move below the 0 level on September 15, 2023. 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 75 similar instances where the indicator turned negative. In of the 75 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for FNGU turned negative on September 18, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
FNGU moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNGU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FNGU's RSI Oscillator exited the oversold zone, of 29 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 58 cases where FNGU'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FNGU advanced for three days, in of 378 cases, the price rose further within the following month. The odds of a continued upward trend are .
FNGU 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 342 cases where FNGU 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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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
FNGU and
Correlation & Price change
A.I.dvisor indicates that over the last year, FNGU has been closely correlated with TQQQ. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGU jumps, then TQQQ could also see price increases.
| Ticker / NAME | Correlation To FNGU | 1D Price Change % | ||
|---|---|---|---|---|
| FNGU | 100% | -6.11% | ||
| TQQQ - FNGU | 94% Closely correlated | -5.29% | ||
| QLD - FNGU | 94% Closely correlated | -3.53% | ||
| SOXL - FNGU | 83% Closely correlated | -6.24% | ||
| SPXL - FNGU | 82% Closely correlated | -4.07% | ||
| SSO - FNGU | 81% Closely correlated | -2.66% |