GRANITESH 2XLNG META ETF-USD (FBL) Stock Technical Analysis
NASDAQ:FBL - Nasdaq - US38747R8438 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to FBL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FBL is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FBL did better than 92% of all other stocks.
In the last month FBL has a been trading in the 30.28 - 41.92 range, which is quite wide. It is currently trading near the high of this range.
FBL has an average volume of 1050530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FBL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FBL is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FBL has an excellent technical rating, it does not offer a high quality setup 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
21.94
41.74
3 important support areas can be observed.
- Support @38.52 from a trend line in the daily time frame.
- Support @22.78 from a trend line in the weekly time frame.
- Support @22.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.33 to 41.33. 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 FBL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBL is up. |
| ChartMill Relative Strength | 92.23 | POSITIVE | FBL has a high relative strength, it outperformed 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.27 | OVERBOUGHT | The high RSI value suggests FBL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests FBL has a positive trend. |
| Stochastics (14,3) | 92.52 | OVERBOUGHT | The high Stochastics value suggests FBL may be overbought. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for FBL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.39 | POSITIVE | The high ADX value value for FBL suggests a strong 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)
41.32
+1.51 (+3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.79%
1 Week15.68%
2 Weeks19.04%
1 Month33.59%
3 Month13.39%
6 Month9.49%
12 Month60.78%
2 Year127.91%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.67
ATR(20)%4.53%
ATR Inc1.53%
Range Today1.2
ADR(20)1.56
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.23
Mansfield2.25
10 Day High41.92
10 Day Low33.19
20 Day High41.92
20 Day Low30.28
52 Week High51.74
52 Week Low20.1
CS1 End38.52
CR1 Start41.33
Volume & EV
DER(3)-1.23%
DER(5)2.16%
Volume669.30K
Volume Incr-16.83%
Vol(5)805.76K
Vol(50)1.05M