MicroSectors FANG+ Index -3X Inverse Leveraged ETN technical analysis
Technical analysis of MicroSectors FANG+ Index -3X Inverse Leveraged ETN (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is MicroSectors FANG+ Index -3X Inverse Leveraged ETN
FNGD is an Exchange Traded Note that tracks an inverse 3X leveraged equity index, designed as a daily trading tool for sophisticated investors. The underlying index is equal-dollar weighted and represents a segment of the technology and consumer discretionary sectors, comprising highly-traded growth stocks of technology and tech-enabled companies.
Description generated automatically from public sources; it may be inaccurate or out of date.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN: latest session data
Closing values for October 16, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
24.13 $
+10.76%
50 sessions
25.87 $
+3.31%
200 sessions
43.52 $
−38.58%
Session levels
s2
23.26
Support
s1
23.82
Support
pivot
24.85
Pivot
r1
25.41
Resistance
r2
26.44
Resistance
How to read it
In the October 16, 2026 session MicroSectors FANG+ Index -3X Inverse Leveraged ETN closed higher at 26.73 $, +9.59% versus the previous session.
The price sits mixed against its moving averages: +10.76% against the 21-session average, +3.31% against the 50 and −38.58% against the 200.
The 14-period RSI reads 60.2, in neutral territory.
MACD stands at -0.520 against a signal line at -0.909: the histogram is positive (+0.389).
ADX reads 18.1, indicating weak directionality.
Levels computed on the latest session place supports at 23.82 and 23.26 $ and resistances at 25.41 and 26.44 $, around a pivot of 24.85.
The average daily range (ATR) is 1.227 $, or 4.59% of price.
Turnover was 286.4K shares, 88% of the 20-session average.
Over the last twelve months the price ranged between 22.52 and 47.78 $, and today stands −44.06% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
Score, Elliott Waves, moving averages and technical indicators — free, no card
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about MicroSectors FANG+ Index -3X Inverse Leveraged ETN
How is MicroSectors FANG+ Index -3X Inverse Leveraged ETN analysed technically?
Technical analysis of MicroSectors FANG+ Index -3X Inverse Leveraged ETN is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for MicroSectors FANG+ Index -3X Inverse Leveraged ETN?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to MicroSectors FANG+ Index -3X Inverse Leveraged ETN?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to MicroSectors FANG+ Index -3X Inverse Leveraged ETN it helps frame the technical structure of the historical chart and is not a forecast.
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