Taking everything into account, FDN scores 4 out of 10 in our technical rating. FDN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, FDN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 271.86, a Stop Loss order could be placed below this zone.
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211.56
3 important support areas can be observed.
- A support zone ranging from 263.73 to 271.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 253.63 to 257.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @213.70 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 273.20 to 277.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 284.99 to 287.35. 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 FDN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FDN is neutral. |
| ChartMill Relative Strength | 52.08 | NEUTRAL | FDN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.98 | NEUTRAL | The RSI value for FDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests FDN has a positive trend. |
| Stochastics (14,3) | 69.96 | NEUTRAL | The Stochastics value for FDN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for FDN suggests low volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for FDN suggests a possible start of a new trend. |
272.1
+0.32 (+0.12%)
FIRST TRUST DJ INTERNET IND / FDN FAQ
What is the ChartMill technical rating of FIRST TRUST DJ INTERNET IND (FDN) stock?
ChartMill assigns a technical rating of 4 / 10 to FDN.
Can you provide the trend direction for FIRST TRUST DJ INTERNET IND?
The current trend direction for FIRST TRUST DJ INTERNET IND (FDN) is Bullish.
What is the RSI signal for FIRST TRUST DJ INTERNET IND (FDN) stock?
FIRST TRUST DJ INTERNET IND (FDN) has an RSI value of 52.9809. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST TRUST DJ INTERNET IND (FDN) stock?
The short term momentum for FIRST TRUST DJ INTERNET IND (FDN) is neutral.
What is the support and resistance level for FDN stock?
FIRST TRUST DJ INTERNET IND (FDN) has a support level at 271.86 and a resistance level at 273.2. Check the full technical report for our detailed analysis of FDN support and resistance levels.