FIRST TRUST DOW JONES INTL (FDNI) Stock Technical Analysis
USA - NASDAQ:FDNI - US33734X7701 - ETF
Overall FDNI gets a technical rating of 9 out of 10. In the last year, FDNI was one of the better performers, but we do observe some doubts in the very recent evolution.
FDNI 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 support zone below the current price at 36.82, a Stop Loss order could be placed below this zone.
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31.76
3 important support areas can be observed.
- A support zone ranging from 36.77 to 36.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.51 from a trend line in the daily time frame.
- A support zone ranging from 32.08 to 32.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.02 to 38.05. 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 39.67 to 39.82. 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 FDNI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FDNI is neutral. |
| ChartMill Relative Strength | 82.67 | POSITIVE | FDNI has a high relative strength, it outperformed 82.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FDNI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FDNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.91 | NEUTRAL | The RSI value for FDNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FDNI has a negative trend. |
| Stochastics (14,3) | 60.06 | NEUTRAL | The Stochastics value for FDNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for FDNI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.36 | POSITIVE | The high ADX value value for FDNI 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 |
|---|---|---|---|
| 38.06 | 36.90 | 1.16 (3.05%) | 25.00% |
| An entry @38.06. This is a Buy Stop order right above the resistance zone. | An exit @36.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.16 points, which is 3.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
37.7118
-0.51 (-1.33%)
FIRST TRUST DOW JONES INTL / FDNI FAQ
What is the ChartMill technical rating of FIRST TRUST DOW JONES INTL (FDNI) stock?
ChartMill assigns a technical rating of 9 / 10 to FDNI.
Can you provide the trend direction for FIRST TRUST DOW JONES INTL?
The current trend direction for FIRST TRUST DOW JONES INTL (FDNI) is Bullish.
What is the RSI signal for FDNI stock?
FIRST TRUST DOW JONES INTL (FDNI) has an RSI value of 47.9073. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST TRUST DOW JONES INTL?
The short term momentum for FIRST TRUST DOW JONES INTL (FDNI) is neutral.
What are the support and resistance levels for FIRST TRUST DOW JONES INTL (FDNI) stock?
FIRST TRUST DOW JONES INTL (FDNI) has a support level at 36.82 and a resistance level at 38.02. Check the full technical report for our detailed analysis of FDNI support and resistance levels.