INNOVATOR IBD 50 ETF (FFTY) Stock Technical Analysis
NYSEARCA:FFTY - US45782C1027 - ETF
34.92 USD
-0.12 (-0.34%)
34.91 USD
-0.01 (-0.03%)
Taking everything into account, FFTY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FFTY has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FFTY is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, FFTY also shows a nice and consistent pattern of rising prices.
FFTY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FFTY has a been trading in the 31.80 - 35.69 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, FFTY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 34.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.27, a Stop Loss order could be placed below this zone.
More info and screens
24.09
35.40
When analyzing the support we can see 5 important areas.
- A support zone ranging from 32.86 to 34.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.36 from a horizontal line in the daily time frame.
- Support @25.44 from a trend line in the weekly time frame.
- Support @24.84 from a horizontal line in the weekly time frame.
- Support @24.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.93 to 35.05. 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 FFTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFTY is up. |
| ChartMill Relative Strength | 83.95 | POSITIVE | FFTY has a high relative strength, it outperformed 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FFTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FFTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FFTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.21 | NEUTRAL | The RSI value for FFTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FFTY has a positive trend. |
| Stochastics (14,3) | 84.66 | OVERBOUGHT | The high Stochastics value suggests FFTY may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for FFTY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.2 | NEGATIVE | The low ADX value for FFTY suggests a weak or negative 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)
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 |
|---|---|---|---|
| 35.06 | 31.79 | 3.27 (9.33%) | 10.72% |
| An entry @35.06. This is a Buy Stop order right above the resistance zone. | An exit @31.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.27 points, which is 9.33%. | For a 1.00% total portfolio risk, you can invest 10.72% 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.
34.92
-0.12 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.34%
1 Week1.66%
2 Weeks1.1%
1 Month5.53%
3 Month16.71%
6 Month21.12%
12 Month34.46%
2 Year46.23%
3 Year23.48%
5 Year-9.53%
10 Year55.89%
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%2.52%
ATR Inc3.11%
Range Today1.01
ADR(20)0.83
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.95
Mansfield0.79
10 Day High35.69
10 Day Low31.8
20 Day High35.69
20 Day Low31.8
52 Week High35.69
52 Week Low22.91
CS1 End34.27
CR1 Start34.93
Volume & EV
DER(3)-0.46%
DER(5)1.08%
Volume169.90K
Volume Incr-37.27%
Vol(5)133.38K
Vol(50)149.23K