FIRST TRUST DOW J SELECT MIC (FDM) Technical Analysis
NYSEARCA:FDM • US33718M1053
Current stock price
FDM Technical Rating and Analysis
Overall FDM gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Warning: FDM has an average volume of 8669 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that FDM is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, FDM also shows a nice and consistent pattern of rising prices.
- FDM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FDM is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month FDM has a been trading in the 79.03 - 87.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
FDM Weekly and Daily overview Charts
FDM Setup Rating and Analysis
FDM has an average technical rating and also the quality of the setup is only medium 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
FDM Support and Resistance Analysis
57.88
We found 4 important support areas.
- A support zone ranging from 79.20 to 79.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.93 from a trend line in the daily time frame.
- Support @73.32 from a horizontal line in the daily time frame.
- Support @58.46 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @85.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 87.16 to 87.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
FDM 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 FDM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FDM is down. |
| ChartMill Relative Strength | 79.48 | POSITIVE | FDM has a high relative strength, it outperformed 79.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FDM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FDM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.74 | NEUTRAL | The RSI value for FDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests FDM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.71 | NEUTRAL | The Stochastics value for FDM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for FDM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.78 | POSITIVE | The high ADX value value for FDM suggests a strong trend. |
FDM Chart- and CandleStick Pattern Analysis
FDM Technicals: Chart, Performance Metrics, Trend & Indicators
82.0917
+0.13 (+0.16%)
FIRST TRUST DOW J SELECT MIC / FDM TA FAQ
What is the technical rating for FDM stock?
ChartMill assigns a technical rating of 6 / 10 to FDM.
What is the current trend direction of FIRST TRUST DOW J SELECT MIC (FDM) stock?
The current trend direction for FIRST TRUST DOW J SELECT MIC (FDM) is Bullish.
Can you provide the RSI signal for FIRST TRUST DOW J SELECT MIC?
FIRST TRUST DOW J SELECT MIC (FDM) has an RSI value of 47.7429. This indicates that the stock is currently neutral.
What is the buy/sell signal for FDM stock?
The buy/sell signal for FIRST TRUST DOW J SELECT MIC (FDM) is hold as the short term and long term trends are mixed.
What is the support and resistance level for FDM stock?
FIRST TRUST DOW J SELECT MIC (FDM) has a support level at 79.2 and a resistance level at 85.47. Check the full technical report for our detailed analysis of FDM support and resistance levels.