FIRST TR ENRGY INC & GRW (FEN) Technical Analysis
NYSEARCA:FEN • US33738G1040
Current stock price
FEN Technical Rating and Analysis
Overall FEN gets a technical rating of 7 out of 10. In the last year, FEN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month FEN has a been trading in the 15.69 - 16.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that FEN is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, FEN also shows a nice and consistent pattern of rising prices.
- FEN 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 FEN is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days.
FEN Weekly and Daily overview Charts
FEN Setup Rating and Analysis
Besides having an excellent technical rating, FEN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 15.91, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
FEN Support and Resistance Analysis
12.50
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.76 to 15.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.90 to 15.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.97 to 14.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.36 from a trend line in the weekly time frame.
- Support @12.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.56 to 16.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
FEN 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 FEN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FEN is neutral. |
| ChartMill Relative Strength | 79.93 | POSITIVE | FEN has a high relative strength, it outperformed 79.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.03 | NEUTRAL | The RSI value for FEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.07 | NEUTRAL | The Stochastics value for FEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for FEN suggests low volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for FEN suggests a strong trend. |
FEN Chart- and CandleStick Pattern Analysis
FEN Example Setup
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 |
|---|---|---|---|
| 16.38 | 15.75 | 0.63 (3.85%) | 25.00% |
| An entry @16.38. This is a Buy Stop order right above the 10 day high. | An exit @15.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 3.85%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
FEN Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:FEN (5/3/2024, 8:04:00 PM)
16
-0.03 (-0.19%)
FIRST TR ENRGY INC & GRW / FEN TA FAQ
What is the technical rating for FEN stock?
ChartMill assigns a technical rating of 7 / 10 to FEN.
What is the trend direction for FEN stock?
The current trend direction for FIRST TR ENRGY INC & GRW (FEN) is Bullish.
What is the RSI signal for FIRST TR ENRGY INC & GRW (FEN) stock?
FIRST TR ENRGY INC & GRW (FEN) has an RSI value of 48.0286. This indicates that the stock is currently neutral.
What is the MACD signal for FEN stock?
The MACD indicator for FIRST TR ENRGY INC & GRW (FEN) has a value of -0.0649341, indicating a bearish trend.
What is the short term momentum for FIRST TR ENRGY INC & GRW (FEN) stock?
The short term momentum for FIRST TR ENRGY INC & GRW (FEN) is neutral.