PINNACLE FOCUSED OPPORT ETF (FCUS) Stock Technical Analysis
NYSEARCA:FCUS - NYSE Arca - US88634T5193 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to FCUS. Recently some decent action could be observed, but in the medium term time frame this is still negative. FCUS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FCUS is a bad performer in the overall market: 77% of all stocks are doing better.
FCUS 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 FCUS is lagging the market.
Warning: FCUS has an average volume of 11158 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month FCUS has a been trading in the 22.71 - 24.71 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
FCUS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.43. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
19.61
34.80
When analyzing the support we can see 2 important areas.
- Support @20.93 from a horizontal line in the daily time frame.
- Support @19.81 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 24.43 to 24.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.91 to 31.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.60 from a trend line in the daily time frame.
- Resistance @34.46 from a horizontal line in the daily time frame.
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 FCUS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FCUS is up. |
| ChartMill Relative Strength | 23.26 | NEGATIVE | FCUS has a low relative strength, it was outperformed by 76.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FCUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FCUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FCUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.64 | NEUTRAL | The RSI value for FCUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FCUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.06 | OVERBOUGHT | The high Stochastics value suggests FCUS may be overbought. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for FCUS suggests low volalility. |
| Average Directional Index/ADX (14) | 12.3 | NEGATIVE | The low ADX value for FCUS suggests a weak or negative 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)
24.3703
-0.2 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.81%
1 Week0.87%
2 Weeks0.5%
1 Month7.34%
3 Month-11.9%
6 Month-30.7%
12 Month-14.16%
2 Year21.1%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.2%
ATR Inc-45.8%
Range Today0.01
ADR(20)0.19
ADR(20)%0.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.26
Mansfield-1.61
10 Day High24.71
10 Day Low23.99
20 Day High24.71
20 Day Low22.71
52 Week High38.02
52 Week Low19.52
CS1 End20.93
CR1 Start24.43
Volume & EV
DER(3)0%
DER(5)0%
Volume20.30K
Volume Incr113.38%
Vol(5)6.06K
Vol(50)11.16K