FNGU Stock MicroSectors™ FANG+™ 3X Leveraged ETN (FNGU, $695) price may drop as it broke higher Bollinger Band on Dec 16, 2024

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FNGU - MicroSectors™ FANG+™ 3X Leveraged ETN

Bollinger signal

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Odds of DOWN Trend

Price: $695

Daily change: +$51.82 (+8.06%)

Daily volume: 1.1M

Net Assets: $8.4B

FNGU's Stochastic Oscillator is staying in overbought zone for 10 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

FNGU broke above its upper Bollinger Band on December 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on FNGU as a result. In of 73 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 FNGU just turned positive on December 04, 2024. Looking at past instances where FNGU's MACD turned positive, the stock continued to rise in of 42 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 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 .

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 .