First Trust US Financial ETF (FHF.CA) Technical Analysis
TSX:FHF
Current stock price
FHF.CA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to FHF. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FHF is only an average performer.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Warning: FHF has an average volume of 4964 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- FHF is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FHF is leading the market.
- In the last month FHF has a been trading in the 24.87 - 34.52 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, FHF outperforms 64% of them, which is more or less in line with the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FHF.CA Weekly and Daily overview Charts
FHF.CA Setup Rating and Analysis
Although FHF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
FHF.CA Support and Resistance Analysis
19.50
When analyzing the support we can see 3 important areas.
- Support @30.16 from a horizontal line in the daily time frame.
- Support @27.70 from a trend line in the daily time frame.
- Support @19.70 from a horizontal line in the weekly time frame.
FHF.CA Technical Indicator Signal Analysis
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 FHF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FHF.CA is up. |
| ChartMill Relative Strength | 64.8 | NEUTRAL | FHF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FHF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FHF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FHF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.57 | OVERBOUGHT | The high RSI value suggests FHF.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests FHF.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.59 | OVERBOUGHT | The high Stochastics value suggests FHF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for FHF.CA suggests some volalility. |
FHF.CA Chart- and CandleStick Pattern Analysis
FHF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:FHF (2/9/2021, 2:13:03 PM)
34.52
+0.67 (+1.98%)
First Trust US Financial ETF / FHF.CA TA FAQ
What is the technical rating for FHF stock?
ChartMill assigns a technical rating of 8 / 10 to FHF.CA.
Can you provide the trend direction for First Trust US Financial ETF?
The current trend direction for First Trust US Financial ETF (FHF.CA) is Bullish.
What is the RSI signal for First Trust US Financial ETF (FHF.CA) stock?
First Trust US Financial ETF (FHF.CA) has an RSI value of 75.5737. This indicates that the stock is currently overbought.
Can you provide the MACD signal for First Trust US Financial ETF?
The MACD indicator for First Trust US Financial ETF (FHF.CA) has a value of 0.571454, indicating a bearish trend.
What is the buy/sell signal for First Trust US Financial ETF (FHF.CA) stock?
The buy/sell signal for First Trust US Financial ETF (FHF.CA) is buy as both the short term and long term trends are positive.