FIRST TRUST ENERGY INFRASTRU (FIF) Technical Analysis
NYSE:FIF • US33738C1036
Current stock price
FIF Technical Rating and Analysis
Overall FIF gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FIF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FIF did better than 80% of all other stocks. We also observe that the gains produced by FIF over the past year are nicely spread over this period.
- FIF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FIF has a been trading in a tight range between 17.50 and 18.46.
- Volume is considerably higher in the last couple of days.
FIF Weekly and Daily overview Charts
FIF Setup Rating and Analysis
Besides having an excellent technical rating, FIF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
FIF Support and Resistance Analysis
13.15
4 important support areas can be observed.
- Support @17.09 from a trend line in the daily time frame.
- A support zone ranging from 15.65 to 16.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.57 from a trend line in the weekly time frame.
- Support @13.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.14 to 18.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
FIF 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 FIF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FIF is up. |
| ChartMill Relative Strength | 80.56 | POSITIVE | FIF has a high relative strength, it outperformed 80.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FIF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FIF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FIF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for FIF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FIF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.83 | NEUTRAL | The Stochastics value for FIF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for FIF suggests low volalility. |
| Average Directional Index/ADX (14) | 26.13 | POSITIVE | The high ADX value value for FIF suggests a strong trend. |
FIF Chart- and CandleStick Pattern Analysis
FIF Example Setup
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 |
|---|---|---|---|
| 18.18 | 17.88 | 0.29 (1.60%) | 25.00% |
| An entry @18.18. This is a Buy Stop order right above the 10 day moving average. | An exit @17.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 1.60%. | For a 0.40% 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 FIF. 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.
FIF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:FIF (5/3/2024, 8:04:00 PM)
18.1
+0.01 (+0.06%)
FIRST TRUST ENERGY INFRASTRU / FIF TA FAQ
Can you provide the ChartMill technical rating for FIRST TRUST ENERGY INFRASTRU?
ChartMill assigns a technical rating of 10 / 10 to FIF.
What is the current trend direction of FIRST TRUST ENERGY INFRASTRU (FIF) stock?
The current trend direction for FIRST TRUST ENERGY INFRASTRU (FIF) is Bullish.
What is the RSI signal for FIRST TRUST ENERGY INFRASTRU (FIF) stock?
FIRST TRUST ENERGY INFRASTRU (FIF) has an RSI value of 54.752. This indicates that the stock is currently neutral.
What is the buy/sell signal for FIRST TRUST ENERGY INFRASTRU (FIF) stock?
The buy/sell signal for FIRST TRUST ENERGY INFRASTRU (FIF) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FIF stock?
FIRST TRUST ENERGY INFRASTRU (FIF) has a support level at 17.09 and a resistance level at 18.14. Check the full technical report for our detailed analysis of FIF support and resistance levels.