MICROSECTORS FANG INDEX -3X INVERSE LE - Daily - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 53.07 USD
My targets
50.11 USD (-0.16%)
44.50 USD (-11.34%)
My analysis
The bearish trend is currently very strong for MICROSECTORS FANG INDEX -3X INVERSE LE. As long as the price remains below the resistance at 53.07 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 50.11 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 44.50 USD as an objective. Crossing it would then enable sellers to target 40.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROSECTORS FANG INDEX -3X INVERSE LE price is 50.19 USD. The price registered an increase of +7.47% on the session and was between 46.80 USD and 50.69 USD. This implies that the price is at +7.24% from its lowest and at -0.99% from its highest.46.80
50.69
50.19
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MICROSECTORS FANG INDEX -3X INVERSE LE in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.68 | 40.06 | 44.50 | 50.19 | 53.07 | 58.98 | 63.90 |
| Change (%) | -32.89% | -20.18% | -11.34% | - | +5.74% | +17.51% | +27.32% |
| Change | -16.51 | -10.13 | -5.69 | - | +2.88 | +8.79 | +13.71 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.09 | 43.85 | 45.27 | 48.03 | 49.45 | 52.21 | 53.63 |
| Camarilla | 45.55 | 45.93 | 46.32 | 46.70 | 47.08 | 47.47 | 47.85 |
| Woodie | 40.43 | 43.52 | 44.61 | 47.70 | 48.79 | 51.88 | 52.97 |
| Fibonacci | 43.85 | 45.44 | 46.43 | 48.03 | 49.62 | 50.61 | 52.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.18 | 50.11 | 55.15 | 61.08 | 66.12 | 72.05 | 77.09 |
| Camarilla | 57.17 | 58.18 | 59.18 | 60.19 | 61.20 | 62.20 | 63.21 |
| Woodie | 43.74 | 49.89 | 54.71 | 60.86 | 65.68 | 71.83 | 76.65 |
| Fibonacci | 50.11 | 54.30 | 56.89 | 61.08 | 65.27 | 67.86 | 72.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.01 | 37.31 | 51.26 | 65.56 | 79.51 | 93.81 | 107.76 |
| Camarilla | 57.44 | 60.03 | 62.62 | 65.21 | 67.80 | 70.39 | 72.98 |
| Woodie | 22.84 | 37.22 | 51.09 | 65.47 | 79.34 | 93.72 | 107.59 |
| Fibonacci | 37.31 | 48.10 | 54.77 | 65.56 | 76.35 | 83.02 | 93.81 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.25 | |
| MACD (12,26,9): | -3.6200 | |
| Directional Movement: | -12.63 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 53.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.82 | |
| Elder Ray (13): | -7.70 | |
| Super Trend (3,10): | 64.44 | |
| Zig ZAG (10): | 48.92 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 5.22 | |
| TEMA (21): | 51.09 | |
| Williams %R (14): | -88.48 | |
| Chande Momentum Oscillator (20): | -9.07 | |
| Repulse (5,40,3): | -7.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5900 | |
| Courbe Coppock: | 21.17 |
| MA7: | 54.90 | |
| MA20: | 57.80 | |
| MA50: | 65.64 | |
| MA100: | 60.44 | |
| MAexp7: | 53.05 | |
| MAexp20: | 57.68 | |
| MAexp50: | 60.95 | |
| MAexp100: | 59.62 | |
| Price / MA7: | -8.58% | |
| Price / MA20: | -13.17% | |
| Price / MA50: | -23.54% | |
| Price / MA100: | -16.96% | |
| Price / MAexp7: | -5.39% | |
| Price / MAexp20: | -12.99% | |
| Price / MAexp50: | -17.65% | |
| Price / MAexp100: | -15.82% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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