Index Trend Analysis Report
Prepared for you on Thursday, July 2, 2020.
Direxion Daily Financial Bear 3X Shares (GIF:FAZ)
Sidelines Mode (-55) - FAZ is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Apr 9th, 2020 at 23.898
The intermediate-term trend has been UP since Jun 29th, 2020 at 19.278
The short-term trend has been DOWN since Jul 1st, 2020 at 17.467
Smart Scan Analysis for FAZ
Based on our trend formula, FAZ is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).