REX FANG INNOV PREM INC ETF (FEPI) Stock Technical Analysis
NASDAQ:FEPI - Nasdaq - US26923N7443 - ETF - Currency: USD
Taking everything into account, FEPI scores 3 out of 10 in our technical rating. FEPI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
FEPI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FEPI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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44.47
When analyzing the support we notice one important area.
- A support zone ranging from 44.92 to 45.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.82 to 46.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.27 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for FEPI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FEPI is neutral. |
| ChartMill Relative Strength | 31.88 | NEUTRAL | FEPI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FEPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FEPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FEPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.9 | NEUTRAL | The RSI value for FEPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FEPI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.66 | NEUTRAL | The Stochastics value for FEPI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for FEPI suggests low volalility. |
| Average Directional Index/ADX (14) | 11.94 | NEGATIVE | The low ADX value for FEPI suggests a weak or negative trend. |
45.68
+0.04 (+0.09%)