MicroSectors FANG+ 3X Leveraged (FNGU)

MicroSectors FANG+ 3X Leveraged is trading at $32.35, up 1.63% on the session. The 50 day average sits at $33.47 and the 200 day at $26.52, which puts the stock in a uptrend. RSI is at 43.1, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $32.10 with resistance near $34.31, so that band frames the current range. Average daily movement is roughly $1.71, or about 5.3% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 80, momentum of 24 and a risk score of 58.

The index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors.