FNGU Stock MicroSectors™ FANG+™ 3X Leveraged ETN (FNGU, $606.39) entered Downtrend as Momentum indicator drops below 0 level on Jan 07, 2025

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FNGU - MicroSectors™ FANG+™ 3X Leveraged ETN

Momentum signal

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Odds of DOWN Trend

Price: $606.39

Daily change: -$40.61 (-6.28%)

Daily volume: 844.2K

Net Assets: $8.4B

Momentum Indicator for FNGU turns negative, indicating new downward trend

FNGU saw its Momentum Indicator move below the 0 level on January 07, 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 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 December 27, 2024. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 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 375 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 330 cases where FNGU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .