DIREXION DAILY FINANCIAL BULL 3X SHARES Forecast and Stock Analysis
Technical FAS.L stock analysis for Wednesday June 19, 2019.
DIREXION DAILY FINANCIAL BULL 3X SHARES gained 0.34% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £438.50 to £440.00 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.00% from a day low at £440.00 to a day high of £440.00. The price has risen in 7 of the last 10 days and is up by 2.68% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14 312 more shares were traded than the day before. In total, 68 342 shares bought and sold for approximately £30.07 million.
- 30 day high of the FAS.L stock price was £440.00 and low was £4.20.
- 90 day high was £445.00 and low was £4.20.
- 52 week high for the DIREXION DAILY FINANCIAL BULL 3X SHARES - £445.00 and low - £4.20.
Given the current short-term trend, the stock is expected to fall -14.12% during the next 3 months and, with 90% probability hold a price between £-17.76 and £377.87 at the end of this period.
Only positive signals in the chart today. DIREXION DAILY FINANCIAL BULL 3X SHARES holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £436.29 and £357.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
DIREXION DAILY FINANCIAL BULL 3X SHARES finds support from accumulated volume at £438.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 0.74%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trendposition increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: £424.78 (-3.46%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 21 days ago.)
0.74 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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