Hong Kong Alphadex Fund FT (FHK) Stock Technical Analysis
USA - NYSEARCA:FHK - US33737J2400
Taking everything into account, FHK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FHK is only an average performer.
Although FHK has an excellent technical rating, it does not offer a high quality setup 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
30.02
2 important support areas can be observed.
- Support @33.23 from a trend line in the daily time frame.
- Support @30.32 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 35.02 to 35.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.10 from a horizontal line in the daily time frame.
- Resistance @37.63 from a horizontal line in the daily 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 FHK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FHK is up. |
| ChartMill Relative Strength | 75.72 | POSITIVE | FHK has a high relative strength, it outperformed 75.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FHK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FHK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FHK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.1 | NEUTRAL | The RSI value for FHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests FHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.08 | OVERBOUGHT | The high Stochastics value suggests FHK may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for FHK suggests low volalility. |
NYSEARCA:FHK (10/28/2020, 8:13:56 PM)
34.8997
+0.19 (+0.55%)
Hong Kong Alphadex Fund FT / FHK FAQ
What is the technical rating for FHK stock?
ChartMill assigns a technical rating of 8 / 10 to FHK.
Can you provide the trend direction for Hong Kong Alphadex Fund FT?
The current trend direction for Hong Kong Alphadex Fund FT (FHK) is Bullish.
What is the RSI signal for Hong Kong Alphadex Fund FT (FHK) stock?
Hong Kong Alphadex Fund FT (FHK) has an RSI value of 67.0965. This indicates that the stock is currently neutral.
What is the short term momentum for Hong Kong Alphadex Fund FT (FHK) stock?
The short term momentum for Hong Kong Alphadex Fund FT (FHK) is positive.
Can you provide the buy/sell signal for Hong Kong Alphadex Fund FT?
The buy/sell signal for Hong Kong Alphadex Fund FT (FHK) is buy as both the short term and long term trends are positive.