FAZ Stock Summary and Trading Ideas (Direxion Daily Financial Bear 3X | ARCA:FAZ)

The Direxion Daily Financial Bull (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the of the performance of the Financial Select Sector TR Index (IXMTR). The Financial Select Sector TR Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs).

Direxion Daily Financial Bear 3X trades on the ARCA stock market under the symbol FAZ.

As of March 5, 2025, FAZ stock price declined to $5.68 with 47,740,862 million shares trading.

FAZ has a beta of -2.10, meaning it tends to be less sensitive to market movements. FAZ has a correlation of 0.36 to the broad based SPY ETF.

FAZ has a market cap of $133.50 million. This is considered a Micro Cap stock.

In the last 3 years, FAZ traded as high as $32.59 and as low as $4.97.

FAZ has underperformed the market in the last year with a return of -45.8%, while SPY returned +15.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FAZ shares. However, FAZ has outperformed the market in the last 3 month and 2 week periods, returning -0.1% and +11.4%, while SPY returned -3.7% and -4.6%, respectively. This indicates FAZ has been having a stronger performance recently.

FAZ support price is $5.60 and resistance is $5.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAZ shares will trade within this expected range on the day.