We assign a technical rating of 10 out of 10 to FAN. Both in the recent history as in the last year, FAN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FAN is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, FAN also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by FAN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month FAN has a been trading in the 21.30 - 23.09 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although FAN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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19.47
4 important support areas can be observed.
- A support zone ranging from 21.31 to 21.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.88 to 20.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.38 to 20.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.67 to 19.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.05 to 23.05. 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 FAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FAN is up. |
| ChartMill Relative Strength | 88.62 | POSITIVE | FAN has a high relative strength, it outperformed 88.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.52 | OVERBOUGHT | The high RSI value suggests FAN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FAN has a positive trend. |
| Stochastics (14,3) | 81.18 | OVERBOUGHT | The high Stochastics value suggests FAN may be overbought. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for FAN suggests low volalility. |
| Average Directional Index/ADX (14) | 37.79 | POSITIVE | The high ADX value value for FAN suggests a strong trend. |
23.04
+0.39 (+1.72%)
FIRST TRUST GLOBAL WIND ENER / FAN FAQ
Can you provide the ChartMill technical rating for FIRST TRUST GLOBAL WIND ENER?
ChartMill assigns a technical rating of 10 / 10 to FAN.
Can you provide the trend direction for FIRST TRUST GLOBAL WIND ENER?
The current trend direction for FIRST TRUST GLOBAL WIND ENER (FAN) is Bullish.
Can you provide the RSI signal for FIRST TRUST GLOBAL WIND ENER?
FIRST TRUST GLOBAL WIND ENER (FAN) has an RSI value of 72.5169. This indicates that the stock is currently overbought.
What is the MACD signal for FIRST TRUST GLOBAL WIND ENER (FAN) stock?
The MACD indicator for FIRST TRUST GLOBAL WIND ENER (FAN) has a value of 0.0478073, indicating a bearish trend.
Can you provide the support and resistance levels for FIRST TRUST GLOBAL WIND ENER?
FIRST TRUST GLOBAL WIND ENER (FAN) has a support level at 21.51 and a resistance level at 23.05. Check the full technical report for our detailed analysis of FAN support and resistance levels.