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Description generated automatically from public sources; it may be inaccurate or out of date.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 September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
27.24 $
−6.82%
50 sessions
31.71 $
−19.95%
200 sessions
47.16 $
−46.17%
Session levels
s2
26.39
Support
s1
26.74
Support
pivot
27.14
Pivot
r1
27.49
Resistance
r2
27.89
Resistance
How to read it
In the September 3, 2026 session MicroSectors FANG+ Index -3X Inverse Leveraged ETN closed lower at 25.39 $, −6.29% versus the previous session.
The price sits below every moving average observed: −6.82% against the 21-session average, −19.95% against the 50 and −46.17% against the 200.
The 14-period RSI reads 35.6, in neutral territory.
MACD stands at -1.473 against a signal line at -1.579: the histogram is positive (+0.106).
ADX reads 23.0, indicating weak directionality.
Levels computed on the latest session place supports at 26.74 and 26.39 $ and resistances at 27.49 and 27.89 $, around a pivot of 27.14.
The average daily range (ATR) is 1.431 $, or 5.64% of price.
Turnover was 527.4K shares, 149% of the 20-session average.
Over the last twelve months the price ranged between 25.25 and 87.38 $, and today stands −70.95% 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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