FIRST TRUST EUROZONE ALPHADE (FEUZ) Stock Technical Analysis
USA - NASDAQ:FEUZ - US33737J5056 - ETF
Overall FEUZ gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, FEUZ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.53, a Stop Loss order could be placed below this zone.
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39.03
4 important support areas can be observed.
- A support zone ranging from 57.63 to 58.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.28 from a horizontal line in the daily time frame.
- Support @41.18 from a horizontal line in the weekly time frame.
- Support @39.42 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.53 to 59.54. 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 FEUZ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FEUZ is neutral. |
| ChartMill Relative Strength | 81.35 | POSITIVE | FEUZ has a high relative strength, it outperformed 81.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FEUZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FEUZ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FEUZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.65 | NEUTRAL | The RSI value for FEUZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FEUZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.47 | OVERSOLD | The low Stochastics value suggests FEUZ may be oversold. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for FEUZ suggests low volalility. |
| Average Directional Index/ADX (14) | 42.77 | POSITIVE | The high ADX value value for FEUZ 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 |
|---|---|---|---|
| 59.55 | 57.62 | 1.93 (3.24%) | 25.00% |
| An entry @59.55. This is a Buy Stop order right above the resistance zone. | An exit @57.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.93 points, which is 3.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
58.753
+0.36 (+0.62%)
FIRST TRUST EUROZONE ALPHADE / FEUZ FAQ
What is the ChartMill technical rating of FIRST TRUST EUROZONE ALPHADE (FEUZ) stock?
ChartMill assigns a technical rating of 8 / 10 to FEUZ.
Can you provide the trend direction for FIRST TRUST EUROZONE ALPHADE?
The current trend direction for FIRST TRUST EUROZONE ALPHADE (FEUZ) is Bullish.
What is the RSI signal for FIRST TRUST EUROZONE ALPHADE (FEUZ) stock?
FIRST TRUST EUROZONE ALPHADE (FEUZ) has an RSI value of 54.645. This indicates that the stock is currently neutral.
What are the support and resistance levels for FIRST TRUST EUROZONE ALPHADE (FEUZ) stock?
FIRST TRUST EUROZONE ALPHADE (FEUZ) has a support level at 58.53 and a resistance level at 59.53. Check the full technical report for our detailed analysis of FEUZ support and resistance levels.