FIRST TRUST RBA AMERICAN IND (AIRR) Stock Technical Analysis
NASDAQ:AIRR - US33738R7044 - ETF
91.99 USD
-0.03 (-0.03%)
91.16 USD
-0.83 (-0.9%)
We assign a technical rating of 10 out of 10 to AIRR. Both in the recent history as in the last year, AIRR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AIRR is one of the better performing stocks in the market, outperforming 83% of all stocks.
AIRR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AIRR has a been trading in the 87.67 - 93.22 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
AIRR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 92.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AIRR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
61.39
94.01
5 important support areas can be observed.
- A support zone ranging from 90.71 to 91.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.44 to 83.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @78.75 from a horizontal line in the daily time frame.
- Support @67.16 from a trend line in the weekly time frame.
- Support @62.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 92.01 to 93.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AIRR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIRR is up. |
| ChartMill Relative Strength | 83.22 | POSITIVE | AIRR has a high relative strength, it outperformed 83.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIRR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIRR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIRR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.08 | NEUTRAL | The RSI value for AIRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests AIRR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.33 | NEUTRAL | The Stochastics value for AIRR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for AIRR suggests low volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for AIRR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 93.09 | 90.70 | 2.39 (2.57%) | 25.00% |
| An entry @93.09. This is a Buy Stop order right above the resistance zone. | An exit @90.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.39 points, which is 2.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of AIRR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
91.99
-0.03 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.03%
1 Week-1.17%
2 Weeks2.87%
1 Month4.08%
3 Month15.84%
6 Month32.21%
12 Month36.89%
2 Year78.55%
3 Year140.53%
5 Year257.83%
10 Year501.64%
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%1.82%
ATR Inc53.66%
Range Today2.69
ADR(20)1.53
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.22
Mansfield0.74
10 Day High93.22
10 Day Low89.5
20 Day High93.22
20 Day Low87.67
52 Week High93.22
52 Week Low59.22
CS1 End91.84
CR1 Start92.01
Volume & EV
DER(3)3.26%
DER(5)1.6%
Volume551.60K
Volume Incr-19.48%
Vol(5)579.12K
Vol(50)615.36K