FNGU

How is FNGU doing right now?

In plain terms: FNGU is 7.2% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

Right now FNGU — MicroSectors FANG+ Index 3X Leveraged ETN — is in a shallow pullback, down 7.2% from its record high. Last price: $33.53. A move of this size is statistically unremarkable. It's the kind of pullback that bounces fast or extends into a deeper correction; the next leg is what matters.

What history says at this drawdown

Across all available history, FNGU has spent enough trading days in the 10%-to-5% drawdown band to build a modest sample (35 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.

What this means for FNGU

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. This drawdown band tends to mean-revert quickly. The Dipsern win rate here is informative — if it's well above 50%, momentum traders treat these dips as buy-the-pullback setups.