Index Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Direxion Daily Financial Bear 3X Shares (GIF:FAZ)
Countertrend Up (+85) - FAZ is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid FAZ?
MarketClub looks at technical strength and momentum to determine if the timing is right for FAZ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FAZ
The long-term trend has been UP since Mar 2nd, 2021 at 8.7829
The intermediate-term trend has been UP since Mar 2nd, 2021 at 6.0564
The short-term trend has been DOWN since Mar 8th, 2021 at 36.1969
Smart Scan Analysis for FAZ
Based on our trend formula, FAZ is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).