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 March 6, 2025, FNGG stock price declined to $148.07 with 37,571 million shares trading.

FNGG has a beta of 3.23, meaning it tends to be more sensitive to market movements. FNGG has a correlation of 0.69 to the broad based SPY ETF.

FNGG has a market cap of $78.46 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 return of +33.1%, while the SPY ETF gained +14.3%. However, in the most recent history, FNGG shares have underperformed the stock market with its stock returning -17.2% in the last 3 month period and -25.8% for the last 2 week period, while SPY has returned -5.3% and -6.6%, respectively.

FNGG support price is $156.89 and resistance is $168.99 (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.