Logo image of DFNV

ABACUS FCF INNOVATION LEADER (DFNV) Stock Technical Analysis

USA - NYSEARCA:DFNV - US89628W5004 - ETF

37.72 USD
-0.2 (-0.52%)
Last: 12/12/2024, 8:04:01 PM
Technical Rating and Analysis

10

Taking everything into account, DFNV scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DFNV is showing a nice and steady performance.

Warning: DFNV has an average volume of 20324 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DFNV did better than 87% of all other stocks. We also observe that the gains produced by DFNV over the past year are nicely spread over this period.
DFNV 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.
DFNV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Weekly and Daily overview Charts
ABACUS FCF INNOVATION LEADER / DFNV Weekly stock chart
ABACUS FCF INNOVATION LEADER / DFNV Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, DFNV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 37.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

28.22

38.77

7 important support areas can be observed.

  • A support zone ranging from 36.73 to 37.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 35.28 to 35.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 34.01 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 33.07 to 33.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @32.13 from a trend line in the weekly time frame.
  • Support @30.62 from a horizontal line in the daily time frame.
  • Support @28.51 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 38.39 to 38.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for DFNV is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for DFNV is up.
ChartMill Relative Strength87.48POSITIVEDFNV has a high relative strength, it outperformed 87.48% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of DFNV is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of DFNV is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of DFNV is above the rising SMA(200).
Relative Strength Index/RSI (14)61.01NEUTRALThe RSI value for DFNV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.03NEGATIVEThe MACD value suggests DFNV has a negative trend.
Stochastics (14,3)66.96NEUTRALThe Stochastics value for DFNV is a neutral value.
Average True Range in percent/ATR (20)1.1LOW VOLATILITYThe low ATR as a percentage value for DFNV suggests low volalility.
Average Directional Index/ADX (14)33.72POSITIVEThe high ADX value value for DFNV suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
37.7736.990.78 (2.06%)25.00%
An entry @37.77. This is a Buy Stop order right above the 10 day moving average.An exit @36.99. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.78 points, which is 2.06%.For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
ABACUS FCF INNOVATION LEADER / DFNV Daily stock chart

ABACUS FCF INNOVATION LEADER

NYSEARCA:DFNV (12/12/2024, 8:04:01 PM)

37.72

-0.2 (-0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week-0.66%
2 Weeks2.2%
1 Month3.51%
3 Month15.76%
6 Month21.44%
12 Month35.82%
2 Year70.99%
3 Year28.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%1.1%
ATR Inc10.79%
Range Today0.4
ADR(20)0.24
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.48
Mansfield0.53
10 Day High38.41
10 Day Low37
20 Day High38.41
20 Day Low35.31
52 Week High38.41
52 Week Low26.92
CS1 End37.06
CR1 Start38.39
Volume & EV
DER(3)-0.67%
DER(5)-0.4%
Volume9.00K
Volume Incr21.65%
Vol(5)3.40K
Vol(50)20.32K