FIDELITY ENHANCED INTL ETF (FENI) Stock Technical Analysis
USA - NYSEARCA:FENI - US31609A4040 - ETF
We assign a technical rating of 10 out of 10 to FENI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FENI is showing a nice and steady performance.
FENI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FENI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
26.92
4 important support areas can be observed.
- A support zone ranging from 34.75 to 35.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.01 from a horizontal line in the daily time frame.
- A support zone ranging from 32.71 to 32.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.19 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.82 to 36.30. 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 FENI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FENI is up. |
| ChartMill Relative Strength | 80.64 | POSITIVE | FENI has a high relative strength, it outperformed 80.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FENI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FENI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FENI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.57 | NEUTRAL | The RSI value for FENI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FENI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.74 | NEUTRAL | The Stochastics value for FENI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for FENI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for FENI suggests a weak or negative 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 |
|---|---|---|---|
| 36.31 | 34.94 | 1.37 (3.77%) | 25.00% |
| An entry @36.31. This is a Buy Stop order right above the resistance zone. | An exit @34.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.37 points, which is 3.77%. | For a 0.94% 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.
35.77
-0.14 (-0.39%)
FIDELITY ENHANCED INTL ETF / FENI FAQ
Can you provide the ChartMill technical rating for FIDELITY ENHANCED INTL ETF?
ChartMill assigns a technical rating of 10 / 10 to FENI.
What is the current trend direction of FIDELITY ENHANCED INTL ETF (FENI) stock?
The current trend direction for FIDELITY ENHANCED INTL ETF (FENI) is Bullish.
What is the RSI signal for FIDELITY ENHANCED INTL ETF (FENI) stock?
FIDELITY ENHANCED INTL ETF (FENI) has an RSI value of 53.5686. This indicates that the stock is currently neutral.
What is the MACD signal for FENI stock?
The MACD indicator for FIDELITY ENHANCED INTL ETF (FENI) has a value of 0.0188866, indicating a bearish trend.
What is the buy/sell signal for FIDELITY ENHANCED INTL ETF (FENI) stock?
The buy/sell signal for FIDELITY ENHANCED INTL ETF (FENI) is buy as both the short term and long term trends are positive.