Amber List
FAS
Direxion Financial Bull 3X ETF
-28.8%
from rolling 252-day high of $183.46 set 2026-01-06 · 128d ago
Current
$130.58
Decline depth
-28.8%
Decline σ
7.1σ
TFC
0/5 bearish
Rolling 252-day high Up day Down day Last 90 trading days · data from Alpaca

Structural break signals

FAS qualifies for the Amber List on decline depth.

Decline depth
-28.8%
From rolling 252-day high of $183.46, 128d ago. Past the 20% Watch threshold.
Time-frame continuity
0/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Decline sigma
7.1σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (1.7% per day). Past the ≥6σ Amber threshold.

The structural read

What price action says about FAS.

FAS qualifies for the Amber List on decline depth — down -28.8% from its rolling 252-day high.

Cross-confirmation: decline sigma also reads 7.1σ over 20 bars.

52-week range

52W low $106.91 30.4% of range 52W high $184.75

Questions about FAS

What people ask.

Why is FAS on Broken Stocks?

FAS qualifies for the Amber List on decline depth. It is down -28.8% from its rolling 252-day high of $183.46, set on 2026-01-06 — 128d ago.

Is FAS a falling knife?

No. The falling-knife label usually implies a steep, severe drop — typically 30% or more from a fresh high. FAS is down -28.8% from its 52-week high, which qualifies for the Watch tier but is shallower than the falling-knife pattern. It's an early-stage decline rather than a sharp breakdown.

Is FAS a buy?

Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.

Where is FAS trading inside its 52-week range?

At $130.58, FAS sits 30.4% of the way from its 52-week low ($106.91) to its 52-week high ($184.75). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has FAS been declining?

The current 28.8% decline accrued over 128d, which annualizes to roughly -82.1% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.