GRANITESH 2XLNG META ETF-USD (FBL) Technical Analysis
NASDAQ:FBL • US38747R8438
Current stock price
FBL Technical Rating and Analysis
Overall FBL gets a technical rating of 0 out of 10. FBL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FBL is a bad performer in the overall market: 85% of all stocks are doing better.
- FBL is currently trading in the lower part 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.
- In the last month FBL has a been trading in the 24.59 - 32.51 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- FBL has an average volume of 1441550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
FBL Weekly and Daily overview Charts
FBL Setup Rating and Analysis
The technical rating of FBL is bad and it also does not present a 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
FBL Support and Resistance Analysis
21.86
We found 2 important support areas.
- Support @22.92 from a trend line in the weekly time frame.
- A support zone ranging from 22.08 to 22.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @33.62 from a trend line in the weekly time frame.
- Resistance @36.19 from a trend line in the daily time frame.
- Resistance @51.19 from a horizontal line in the weekly time frame.
FBL 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 | DOWN | NEGATIVE | The long term trend for FBL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBL is down. |
| ChartMill Relative Strength | 15.15 | NEGATIVE | FBL has a low relative strength, it was outperformed by 84.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FBL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FBL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.07 | NEUTRAL | The RSI value for FBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests FBL has a negative trend. |
| Stochastics (14,3) | 7.4 | OVERSOLD | The low Stochastics value suggests FBL may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for FBL suggests high volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for FBL suggests a weak or negative trend. |
FBL Chart- and CandleStick Pattern Analysis
FBL Technicals: Chart, Performance Metrics, Trend & Indicators
25.15
-1.16 (-4.41%)
GRANITESH 2XLNG META ETF-USD / FBL TA FAQ
What is the ChartMill technical rating of GRANITESH 2XLNG META ETF-USD (FBL) stock?
ChartMill assigns a technical rating of 0 / 10 to FBL.
What is the current trend direction of GRANITESH 2XLNG META ETF-USD (FBL) stock?
The current trend direction for GRANITESH 2XLNG META ETF-USD (FBL) is Bearish.
Can you provide the RSI signal for GRANITESH 2XLNG META ETF-USD?
GRANITESH 2XLNG META ETF-USD (FBL) has an RSI value of 32.0662. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRANITESH 2XLNG META ETF-USD?
The short term momentum for GRANITESH 2XLNG META ETF-USD (FBL) is negative.
What is the buy/sell signal for GRANITESH 2XLNG META ETF-USD (FBL) stock?
The buy/sell signal for GRANITESH 2XLNG META ETF-USD (FBL) is sell as both the short term and long term trends are negative.