Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FAS.L
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DIREXION DAILY FINANCIAL BULL 3X SHARES stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

No changes to the price of DIREXION DAILY FINANCIAL BULL 3X SHARES stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 1.23% from a day low at £485.80 to a day high of £491.78. The price has risen in 5 of the last 10 days and is up by 1.66% over the past 2 weeks.

The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £492.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.98% during the next 3 months and, with a 90% probability hold a price between £459.51 and £478.31 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FAS.L Signals & Forecast

The DIREXION DAILY FINANCIAL BULL 3X SHARES stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £489.43 and £488.93. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, March 22, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, March 22, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for DIREXION DAILY FINANCIAL BULL 3X SHARES stock

DIREXION DAILY FINANCIAL BULL 3X SHARES finds support from accumulated volume at £489.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.98 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: £471.90 (-3.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (FAS.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect DIREXION DAILY FINANCIAL BULL 3X SHARES to open at £489.53, and during the day (based on 14 day Average True Range), to move between £483.04 and £498.96, which gives a possible trading interval of +/-£7.96 (+/-1.62%) up or down from last closing price. If DIREXION DAILY FINANCIAL BULL 3X SHARES takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £492.00 (0.20%) than the support at £489.00 (0.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DIREXION DAILY FINANCIAL BULL 3X SHARES stock A Buy?

DIREXION DAILY FINANCIAL BULL 3X SHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.425 Hold/Accumulate Upgraded

Predicted Opening Price for DIREXION DAILY FINANCIAL BULL 3X SHARES of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£489.53 ( 0.300%) £491.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FAS.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 495.51 0.92 %
R2 493.22 0.453 %
R1 491.81 0.165 %
Current price: 491.00
Support S1 487.24 -0.765 %
S2 485.83 -1.05 %
S3 483.55 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 499.00 1.63 %
R2 494.00 0.611 %
R1 492.00 0.204 %
Current price 491.00
Support S1 489.00 -0.407%
S2 488.00 -0.611%
S3 485.00 -1.22%

FAS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 02, 2023 Nov 02, 2023 Nov 02, 2023 £0.145 0.0303%
2 Oct 12, 2022 Oct 27, 2022 Dec 07, 2022 £14.00 2.89%
3 Oct 13, 2021 Oct 28, 2021 Dec 08, 2021 £8.80 1.85%
4 Oct 13, 2020 Oct 22, 2020 Dec 10, 2020 £8.50 2.04%
5 Oct 15, 2019 Oct 24, 2019 Dec 11, 2019 £8.80 2.21%

FAQ

What is the symbol for DIREXION DAILY FINANCIAL BULL 3X SHARES Stock and on which exchange is it traded?
The symbol for DIREXION DAILY FINANCIAL BULL 3X SHARES is FAS.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell DIREXION DAILY FINANCIAL BULL 3X SHARES Stock?
DIREXION DAILY FINANCIAL BULL 3X SHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy DIREXION DAILY FINANCIAL BULL 3X SHARES Stock?
DIREXION DAILY FINANCIAL BULL 3X SHARES Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DIREXION DAILY FINANCIAL BULL 3X SHARES Stock.

What's the current price of DIREXION DAILY FINANCIAL BULL 3X SHARES Stock?
As of the end of day on the 2024-03-27, the price of an DIREXION DAILY FINANCIAL BULL 3X SHARES (FAS.L) share was £491.00.

What is the 52-week high and low for DIREXION DAILY FINANCIAL BULL 3X SHARES Stock?
The 52-week high for DIREXION DAILY FINANCIAL BULL 3X SHARES Stock is £536.00 and the 52-week low is £473.73.

What is the market capitalization of DIREXION DAILY FINANCIAL BULL 3X SHARES Stock?
As of the 2024-03-27, the market capitalization of DIREXION DAILY FINANCIAL BULL 3X SHARES is 353.292M.

When is the next earnings date for DIREXION DAILY FINANCIAL BULL 3X SHARES?
The upcoming earnings date for DIREXION DAILY FINANCIAL BULL 3X SHARES is Apr 17, 2024.
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About DIREXION DAILY FINANCIAL BULL 3X SHARES

Fidelity Asian Values plc is a closed-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investments International and FIL Investment Management (Hong Kong) Limited. It invests in the public equity markets of Asia, excluding Japan. The fund invests in stocks of companies across all market capitalizations. It invests in stocks of companies across diversified sectors. The fund employ... FAS.L Profile

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