(FAS) Trading Signals

October 29, 2024, 23:06 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FAS

• Buy FAS near 133.58 target 146.34 stop loss @ 133.19 Details

The technical summary data tells us to buy FAS near 133.58 with an upside target of 146.34. This data also tells us to set a stop loss @ 133.19 to protect against excessive loss in case the stock begins to move against the trade. 133.58 is the first level of support below 142.08 , and by rule, any test of support is a buy signal. In this case, support 133.58 is being tested, a buy signal would exist.

• Short FAS slightly under 146.34, target 133.58, stop loss @ 146.76 Details

The technical summary data is suggesting a short of FAS as it gets near 146.34 with a downside target of 133.58. We should have a stop loss in place at 146.76though. 146.34 is the first level of resistance above 142.08, and by rule, any test of resistance is a short signal. In this case, if resistance 146.34 is being tested, a short signal would exist.

Swing Trading Plans for FAS

• Buy FAS slightly over 146.34, target n/a, Stop Loss @ 145.92 Details

If 146.34 begins to break higher, the technical summary data tells us to buy FAS just slightly over 146.34, with an upside target of n/a. The data also tells us to set a stop loss @ 145.92 in case the stock turns against the trade. 146.34 is the first level of resistance above 142.08, and by rule, any break above resistance is a buy signal. In this case, 146.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FAS slightly near 146.34, target 140.32, Stop Loss @ 146.76. Details

The technical summary data is suggesting a short of FAS if it tests 146.34 with a downside target of 140.32. We should have a stop loss in place at 146.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 146.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FAS

• Buy FAS slightly over 144.42, target 146.34, Stop Loss @ 144.08 Details

If 144.42 begins to break higher, the technical summary data tells us to buy FAS just slightly over 144.42, with an upside target of 146.34. The data also tells us to set a stop loss @ 144.08 in case the stock turns against the trade. 144.42 is the first level of resistance above 142.08, and by rule, any break above resistance is a buy signal. In this case, 144.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FAS slightly near 144.42, target 141.31, Stop Loss @ 144.76. Details

The technical summary data is suggesting a short of FAS if it tests 144.42 with a downside target of 141.31. We should have a stop loss in place at 144.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 144.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Financial Bull 3x Shares (FAS) available here: FAS.

FAS Ratings for October 29:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	120.78
P2	141.31	140.32	133.58
P3	144.42	146.19	146.34

AI Generated Signals for FAS

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Trading Direxion Daily Financial Bull 3x Shares (NYSE: FAS) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FAS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FAS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FAS too.  All of these are offered below the Summary Table.