FIRST TRUST ENERGY INFRASTRU (FIF) Stock Technical Analysis
NYSE:FIF - New York Stock Exchange, Inc. - US33738C1036 - Currency: USD
We assign a technical rating of 10 out of 10 to FIF. 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.
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. Another positive sign is the recent Pocket Pivot signal.
- 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
13.15
18.62
When analyzing the support we can see 4 important areas.
- 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.
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. |
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 |
|---|---|---|---|
| 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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- 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.
NYSE:FIF (5/3/2024, 8:04:00 PM)
18.1
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.06%
1 Week-0.66%
2 Weeks0.28%
1 Month-1.09%
3 Month11.8%
6 Month11.73%
12 Month27.38%
2 Year16.62%
3 Year34.97%
5 Year17%
10 Year-19.98%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.28%
ATR Inc-19.26%
Range Today0.14
ADR(20)0.21
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.56
Mansfield0.3
10 Day High18.46
10 Day Low17.89
20 Day High18.46
20 Day Low17.5
52 Week High18.56
52 Week Low13.76
CS1 End17.09
CR1 Start18.14
Volume & EV
DER(3)0.96%
DER(5)-1.41%
Volume168.50K
Volume Incr154.42%
Vol(5)93.64K
Vol(50)50.65K