INNOVATOR IBD 50 ETF (FFTY) Stock Technical Analysis
NYSEARCA:FFTY - NYSE Arca - US45782C1027 - ETF - Currency: USD
Overall FFTY gets a technical rating of 6 out of 10. In the past year, FFTY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FFTY has a been trading in the 26.60 - 29.89 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, FFTY turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
FFTY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FFTY is lagging the market slightly.
FFTY has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.09
29.78
We found 5 important support areas.
- A support zone ranging from 29.18 to 29.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.05 to 28.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.51 from a horizontal line in the daily time frame.
- A support zone ranging from 24.73 to 24.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 24.33 to 24.33. 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 | NEUTRAL | NEUTRAL | The long term trend for FFTY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFTY is up. |
| ChartMill Relative Strength | 62.27 | NEUTRAL | FFTY is not amongst the best or worst performers 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) | 67.98 | NEUTRAL | The RSI value for FFTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FFTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.98 | OVERBOUGHT | The high Stochastics value suggests FFTY may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for FFTY suggests low volalility. |
| Average Directional Index/ADX (14) | 21.2 | NEUTRAL | The ADX value for FFTY suggests a possible start of a new 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 |
|---|---|---|---|
| 29.90 | 29.17 | 0.73 (2.44%) | 25.00% |
| An entry @29.90. This is a Buy Stop order right above the 10 day high. | An exit @29.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.73 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FFTY. Please evaluate whether better entry and exit points can be found.
- 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.
29.49
+0.12 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.41%
1 Week0.68%
2 Weeks6.39%
1 Month9.83%
3 Month-0.37%
6 Month-4.75%
12 Month3.69%
2 Year27.28%
3 Year-8.07%
5 Year-8.25%
10 Year17.68%
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%1.99%
ATR Inc4.95%
Range Today0.83
ADR(20)0.54
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.27
Mansfield0.33
10 Day High29.89
10 Day Low27.81
20 Day High29.89
20 Day Low26.6
52 Week High34.26
52 Week Low22.91
CS1 End29.48
CR1 StartN/A
Volume & EV
DER(3)1.7%
DER(5)2.25%
Volume47.50K
Volume Incr49.99%
Vol(5)59.96K
Vol(50)58.93K