First Trust US Financial ETF (FHF.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:FHF
We assign a technical rating of 8 out of 10 to FHF. Although FHF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by FHF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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.
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
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.
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. |
TSX:FHF (2/9/2021, 2:13:03 PM)
34.52
+0.67 (+1.98%)
First Trust US Financial ETF / FHF.CA 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.