FNGG Stock Summary and Trading Ideas (Direxion Daily Nyse Fang+ Bull 2X | ARCA:FNGG)

The Direxion Daily NYSE FANG+ Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE FANG+ Index. The NYSE FANG+ Index (NYFANGT) is an equal-dollar weighted Index designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies. The Index is comprised of the securities of U.S.-listed companies that ICE Data Indices, LLC (the "Index Provider") has identified as FANG+ companies, which are comprised of the six FAANMG companies and four non-FAANMG companies. The Index Provider defines the FAANMG as Meta Platforms Inc. (META), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), Microsoft Corp. (MSFT), and Alphabet Inc. Class A (GOOGL). The Index is reconstituted quarterly. One cannot directly invest in an index.

Direxion Daily Nyse Fang+ Bull 2X trades on the ARCA stock market under the symbol FNGG.

As of April 24, 2025, FNGG stock price climbed to $141.38 with 38,146 million shares trading.

FNGG has a beta of 3.01, meaning it tends to be more sensitive to market movements. FNGG has a correlation of 0.77 to the broad based SPY ETF.

FNGG has a market cap of $81.98 million. This is considered a Micro Cap stock.

In the last 3 years, FNGG traded as high as $204.81 and as low as $26.00.

FNGG has outperformed the market in the last year with a price return of +35.0% while the SPY ETF gained +9.4%. However, in the short term, FNGG had mixed performance relative to the market. It has underperformed in the last 3 months, returning -29.0% vs -10.2% return in SPY. But in the last 2 weeks, FNGG shares have fared better than the market returning +3.0% compared to SPY -0.5%.

FNGG support price is $121.16 and resistance is $137.32 (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 FNGG shares will trade within this expected range on the day.