Direxion Daily Financial Bear $FAZ Technical Update

The Direxion Daily Financial Bear (NYSE: FAZ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for FAZ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Weak Strong Neutral
P1 12.05 11.08 9.15
P2 12.59 13.47 11.67
P3 13.39 16.33 14.59

Long Term Trading Plans for FAZ

January 11, 2019, 4:15 pm ET

The Technical Summary and Trading Plans for FAZ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FAZ Report.

FAZ - (Long) Support Plan

The technical summary data tells us to buy FAZ near 11.67 with an upside target of 14.59. This data also tells us to set a stop loss @ 11.41 to protect against excessive loss in case the stock begins to move against the trade. 11.67 is the first level of support below 12.21 , and by rule, any test of support is a buy signal. In this case, support 11.67 is being tested, a buy signal would exist.

FAZ - (Short) Resistance Plan

The technical summary data is suggesting a short of FAZ as it gets near 14.59 with a downside target of 11.67. We should have a stop loss in place at 14.85 though. 14.59 is the first level of resistance above 12.21, and by rule, any test of resistance is a short signal. In this case, if resistance 14.59 is being tested, a short signal would exist.

FAZ Long Term Analysis

FAZ Dividend Chart

FAZ PE chart

FAZ PEG chart