FRONTIER ASST ABSOLUTE R ETF (FARX) Technical Analysis
NYSEARCA:FARX • US00764Q6373
Current stock price
FARX Technical Rating and Analysis
Overall FARX gets a technical rating of 7 out of 10. Although FARX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: FARX has an average volume of 1990 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- FARX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FARX is leading the market.
- When compared to the yearly performance of all other stocks, FARX outperforms 59% of them, which is more or less in line with the market.
- In the last month FARX has a been trading in a tight range between 27.98 and 28.77.
- Volume is considerably higher in the last couple of days.
FARX Weekly and Daily overview Charts
FARX Setup Rating and Analysis
Although FARX has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
FARX Support and Resistance Analysis
26.65
2 important support areas can be observed.
- A support zone ranging from 27.79 to 28.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.92 to 27.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
FARX 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FARX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FARX is up. |
| ChartMill Relative Strength | 59.54 | NEUTRAL | FARX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FARX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FARX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FARX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for FARX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FARX has a positive trend. |
| Stochastics (14,3) | 73.82 | NEUTRAL | The Stochastics value for FARX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for FARX suggests low volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for FARX suggests a weak or negative trend. |
FARX Chart- and CandleStick Pattern Analysis
FARX 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.78 | 27.97 | 0.81 (2.81%) | 25.00% |
| An entry @28.78. This is a Buy Stop order right above the 10 day high. | An exit @27.97. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.81 points, which is 2.81%. | For a 0.70% 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.
FARX Technicals: Chart, Performance Metrics, Trend & Indicators
28.51
-0.08 (-0.28%)
FRONTIER ASST ABSOLUTE R ETF / FARX TA FAQ
What is the ChartMill technical rating of FRONTIER ASST ABSOLUTE R ETF (FARX) stock?
ChartMill assigns a technical rating of 7 / 10 to FARX.
What is the current trend direction of FRONTIER ASST ABSOLUTE R ETF (FARX) stock?
The current trend direction for FRONTIER ASST ABSOLUTE R ETF (FARX) is Bullish.
What is the RSI signal for FARX stock?
FRONTIER ASST ABSOLUTE R ETF (FARX) has an RSI value of 56.439. This indicates that the stock is currently neutral.
What is the short term momentum for FRONTIER ASST ABSOLUTE R ETF (FARX) stock?
The short term momentum for FRONTIER ASST ABSOLUTE R ETF (FARX) is positive.
What is the support and resistance level for FARX stock?
FRONTIER ASST ABSOLUTE R ETF (FARX) has a support level at 28.45. Check the full technical report for our detailed analysis of FARX support and resistance levels.