FIRST TRUST STOXX EUROPE (FDD) Stock Technical Analysis
NYSEARCA:FDD • US33735T1097
We assign a technical rating of 10 out of 10 to FDD. Both in the recent history as in the last year, FDD 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.
- Looking at the yearly performance, FDD did better than 84% of all other stocks. We also observe that the gains produced by FDD over the past year are nicely spread over this period.
- FDD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FDD has a been trading in a tight range between 18.20 and 18.95.
FDD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.81. Right above this resistance zone may be a good entry point.
More info and screens
15.25
We found 4 important support areas.
- Support @17.58 from a horizontal line in the daily time frame.
- Support @16.37 from a trend line in the daily time frame.
- A support zone ranging from 15.82 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @15.40 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.81 to 18.95. 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 FDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDD is up. |
| ChartMill Relative Strength | 84.85 | POSITIVE | FDD has a high relative strength, it outperformed 84.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FDD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.11 | NEUTRAL | The RSI value for FDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FDD has a negative trend. |
| Stochastics (14,3) | 89.76 | OVERBOUGHT | The high Stochastics value suggests FDD may be overbought. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for FDD suggests low volalility. |
| Average Directional Index/ADX (14) | 30.75 | POSITIVE | The high ADX value value for FDD suggests a strong trend. |
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 |
|---|---|---|---|
| 18.96 | 18.22 | 0.74 (3.88%) | 25.00% |
| An entry @18.96. This is a Buy Stop order right above the resistance zone. | An exit @18.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.74 points, which is 3.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- 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.
18.74
-0.21 (-1.11%)
FIRST TRUST STOXX EUROPE / FDD FAQ
What is the technical rating for FDD stock?
ChartMill assigns a technical rating of 10 / 10 to FDD.
What is the trend direction for FDD stock?
The current trend direction for FIRST TRUST STOXX EUROPE (FDD) is Bullish.
What is the RSI signal for FIRST TRUST STOXX EUROPE (FDD) stock?
FIRST TRUST STOXX EUROPE (FDD) has an RSI value of 57.1136. This indicates that the stock is currently neutral.
What is the MACD signal for FDD stock?
The MACD indicator for FIRST TRUST STOXX EUROPE (FDD) has a value of -0.0201678, indicating a bearish trend.
What is the short term momentum for FIRST TRUST STOXX EUROPE (FDD) stock?
The short term momentum for FIRST TRUST STOXX EUROPE (FDD) is positive.