Trading Signals: FAS Stock Price Prediction and Forecast

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Thu. Jul. 13, 2023

Trading Signals: FAS Stock Price Prediction and Forecast (Fri. Feb. 7, 2014 - Fri. Dec. 22, 2023)

(Direxion Daily Financial Bull 3X ETF)
FAS latest price $67.7300 (0.98%) ($67.0300 - $68.0730) on Thu. Jul. 13, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.83% (three month average)
RSI   76
Latest Price   $67.7300(0.98%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   FAS advances 1.6% a day on average for past five trading days.
Weekly Trend   FAS advances 5.2% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support FAS advance at 0% a week (0% probability)
XLF(99%)    IWD(92%)    DIA(89%)    VYM(89%)    IVE(88%)
Factors Impacting FAS price   FAS will decline at least -1.415% in a week (0% probabilities).
VXX(-63%)    VIXM(-57%)    TBT(-29%)    UUP(-28%)    USO(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.415% (StdDev 2.83%)
Hourly BBV 0.8 ()
Intraday Trend 0.3%

5 Day Moving Average   $65.38(3.59%)
10 Day Moving Average   $64.49(5.02%)
20 Day Moving Average   $62.57(8.25%)
To recent high   0%
To recent low   26.5%
Market Cap   $N/A

Average daily price decay: -0.01%

$. FAS is a 3x leveraged ETF. You'll lose 0.01% a day on average for holding it.$. FAS price fluctuates within 4.36% (three month std-dev: 2.83%) daily (68% of days).

Sample size 50 Average positive next day return: 2.79%(48%) Average negative next day return: -1.63%(52%) Sample size 50 Average positive next three day return: 4.72%(46%) Average negative next three day return: -2.22%(54%) Sample size 50 Average positive next weekly return: 4.42%(56%) Average negative next weekly return: -4.85%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230813

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_13_2023	61.17	62.57	64.49	65.38	65.87	67.52	67.73(0.98%)	UT	HoldLong	65	0.9	69	200	48	130	0.99	73%	-0.21	45.2	2.83%	0.8	1.9	76	1
2	Jul_12_2023	61.3	62.2	63.64	64.33	64.63	66.21	67.07(1.91%)	UT	OpenLong	75	1.1	69	190	55	110	1.37	73%	-0.24	42.5	2.85%	0.9	1.9	67	1.1
3	Jul_11_2023	61.45	61.87	62.87	63.77	63.33	64.22	65.81(3.54%)	UT	OpenLong	75	0.9	40	80	26	82	0.94	73%	0.08	45.4	2.84%	1.9	1.8	61	-0.3
4	Jul_10_2023	61.4	61.61	62.12	63.77	63.04	63.05	63.56(1.32%)	UT	OpenLong	75	-0	22	-20	9	59	0.68	71%	-0.41	60	2.83%	0.3	1	50	-0.5
5	Jul_7_2023	61.65	61.48	61.63	63.57	63.25	62.44	62.73(0.38%)	UD	OpenLong	65	-0.4	1	-100	-11	36	0.76	71%	-0.4	79.8	2.82%	0.3	0.6	46	-0.3

6	Jul_6_2023	61.9	61.36	61.29	63.43	63.47	63.03	62.49(-2.77%)	UD	OpenLong	65	-0.5	2	-50	-7	27	1.23	71%	-0.45	90.8	2.85%	-0.8	0.6	52	-0.6
7	Jul_5_2023	62.18	61.15	61.1	62.76	63.15	64.06	64.27(-0.82%)	UD	OpenLong	75	0.8	27	120	27	28	1.17	71%	-0.88	88.5	2.82%	0.8	1.6	60	0.9
8	Jul_3_2023	62.73	60.89	60.8	61.78	61.94	63.9	64.8(1.92%)	UT	OpenLong	75	1.6	50	230	59	24	1.22	71%	-0.38	88.8	2.83%	0	2.1	61	1.2
9	Jun_30_2023	62.97	60.43	60.55	60.45	60.62	62.24	63.58(2.5%)	UT	OpenLong	75	1.9	51	200	65	7	1.61	71%	-0.38	79.6	2.82%	1.3	1.9	58	1
10	Jun_29_2023	63.21	59.96	60.47	59.44	59.35	59.99	62.03(4.94%)	N/A	N/A	0	1.4	19	70	31	-19	1.76	73%	-0.46	49	2.81%	1.6	1.1	53	1

11	Jun_28_2023	63.5	59.65	60.43	58.89	58.68	59.01	59.11(-0.42%)	DT	OpenShort	-75	0.1	-11	30	-1	-39	1.45	70%	-0.53	26.7	2.8%	-0.4	-0.2	45	1.2
12	Jun_27_2023	63.84	59.5	60.61	59.21	58.85	58.72	59.36(2.05%)	DP	OpenShort	-75	0.1	-10	-30	-4	-26	0.58	70%	-0.47	23.6	2.8%	1.4	-0.1	58	1.1
13	Jun_26_2023	64.14	59.29	60.78	59.68	59.29	58.35	58.17(-0.58%)	DT	OpenShort	-75	-0.6	-29	-130	-31	-22	0.61	70%	-0.5	19.9	2.83%	-0.4	-0.4	49	1
14	Jun_23_2023	64.46	59.14	61.09	60.65	60.07	58.98	58.51(-1.32%)	CR	SmallShort	-20	-0.8	-34	-160	-48	7	1.44	70%	-0.48	23.2	2.83%	-1	-0.2	64	1.1
15	Jun_22_2023	64.77	59.06	61.38	61.64	61.44	60.22	59.29(-2.36%)	N/A	N/A	0	-0.8	-7	-150	-29	58	2.03	60%	-0.48	34.5	2.84%	-1.3	0.1	72	1.4

16	Jun_21_2023	65.08	59.04	61.53	62.16	62.03	61.17	60.72(-1.6%)	UD	OpenLong	65	-0.5	1	-100	-27	83	1.45	65%	-0.44	41.3	2.97%	-0.8	0.5	67	1.3
17	Jun_20_2023	65.37	58.93	61.32	62.18	62.21	62.65	61.71(-2.11%)	UD	OpenLong	75	-0.2	25	50	-0	101	1.14	65%	-0.68	47.2	3.09%	-0.7	0.9	70	1.2
18	Jun_16_2023	65.82	58.79	61.07	62.02	61.99	62.9	63.04(-0.66%)	UD	OpenLong	75	0.3	50	100	27	118	0.91	59%	-0.36	54.4	3.33%	0.8	1.4	77	1.6
19	Jun_15_2023	66.06	58.52	60.35	61.6	61.29	61.78	63.46(2.57%)	UT	HoldLong	65	0.7	41	40	18	111	1.19	53%	-0.6	57.7	3.4%	0	1.8	78	1.2
20	Jun_13_2023	66.46	58.07	59.41	61.12	60.91	61.09	61.87(1.74%)	UT	OpenLong	75	0.3	28	10	8	89	1.01	49%	-0.31	53.5	3.6%	0.9	1.5	65	1.3

21	Jun_12_2023	66.67	57.79	58.8	60.84	60.71	60.8	60.81(-0.21%)	UD	OpenLong	75	-0	24	0	8	72	0.9	49%	-0.3	51.1	3.88%	0.1	1.3	54	1.4
22	Jun_9_2023	66.87	57.49	58.29	60.31	60.36	60.74	60.94(0.05%)	UT	OpenLong	75	0.3	21	50	9	58	0.73	42%	-0.24	41.6	3.95%	0.9	1.5	55	1.7
23	Jun_8_2023	67.03	57.22	57.64	59.94	59.77	60.62	60.91(-0.28%)	UD	OpenLong	75	0.4	26	90	20	43	0.78	42%	-0.28	44	4.23%	1.8	1.6	53	2
24	Jun_7_2023	67.22	56.97	57	58.88	59.19	59.98	61.08(1.06%)	UT	OpenLong	75	1.1	33	110	35	27	1.06	39%	-0.36	34.2	4.23%	1.6	2	56	2.2
25	Jun_6_2023	67.46	56.74	56.51	57.42	57.76	58.92	60.44(3.88%)	UT	OpenLong	75	1.6	19	160	23	6	1.05	39%		15	4.32%	1.4	2	63	2.4
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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