FIRST TRUST EMERGING MARKETS (FEM) Stock Technical Analysis
NASDAQ:FEM - Nasdaq - US33737J1824 - ETF - Currency: USD
Overall FEM gets a technical rating of 8 out of 10. Although FEM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by FEM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month FEM has a been trading in the 24.19 - 26.01 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the performance of all stocks over the past year, FEM turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
Although FEM has an excellent technical rating, it does not present a decent entry opportunity 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
21.11
25.72
We found 6 important support areas.
- A support zone ranging from 24.84 to 25.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.92 to 24.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.52 to 23.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.63 from a horizontal line in the daily time frame.
- Support @21.72 from a trend line in the weekly time frame.
- Support @21.32 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.41 to 25.47. 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 FEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FEM is up. |
| ChartMill Relative Strength | 61.16 | NEUTRAL | FEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.6 | OVERBOUGHT | The high RSI value suggests FEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.06 | OVERBOUGHT | The high Stochastics value suggests FEM may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for FEM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for FEM suggests a possible start of a new 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)
25.4
-0.06 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.25%
1 Week2.15%
2 Weeks3.17%
1 Month4.18%
3 Month12.54%
6 Month14.52%
12 Month7.65%
2 Year9.67%
3 Year19.75%
5 Year11.01%
10 Year20.21%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.83%
ATR Inc112.63%
Range Today0.7
ADR(20)0.18
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.16
Mansfield0.04
10 Day High26.01
10 Day Low24.54
20 Day High26.01
20 Day Low24.19
52 Week High26.01
52 Week Low19.74
CS1 End25.08
CR1 Start25.41
Volume & EV
DER(3)5.05%
DER(5)0.59%
Volume24.70K
Volume Incr-35.74%
Vol(5)40.72K
Vol(50)48.90K