We assign a technical rating of 6 out of 10 to FINE. In the last year, FINE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FINE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FINE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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20.65
We found 2 important support areas.
- A support zone ranging from 21.35 to 22.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.86 to 20.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.37 to 22.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.49 to 24.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 25.01 to 25.01. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for FINE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FINE is up. |
| ChartMill Relative Strength | 40.58 | NEUTRAL | FINE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FINE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FINE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FINE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.43 | NEUTRAL | The RSI value for FINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FINE has a positive trend. |
| Stochastics (14,3) | 57.76 | NEUTRAL | The Stochastics value for FINE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for FINE suggests low volalility. |
| Average Directional Index/ADX (14) | 11.33 | NEGATIVE | The low ADX value for FINE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.66 | 21.88 | 0.78 (3.44%) | 25.00% |
| An entry @22.66. This is a Buy Stop order right above the resistance zone. | An exit @21.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.78 points, which is 3.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
22.2839
+0.28 (+1.27%)
THEMES EUROPEAN LUXURY ETF / FINE FAQ
What is the ChartMill technical rating of THEMES EUROPEAN LUXURY ETF (FINE) stock?
ChartMill assigns a technical rating of 6 / 10 to FINE.
Can you provide the trend direction for THEMES EUROPEAN LUXURY ETF?
The current trend direction for THEMES EUROPEAN LUXURY ETF (FINE) is Bearish.
What is the RSI signal for THEMES EUROPEAN LUXURY ETF (FINE) stock?
THEMES EUROPEAN LUXURY ETF (FINE) has an RSI value of 55.4262. This indicates that the stock is currently neutral.
What is the short term momentum for FINE stock?
The short term momentum for THEMES EUROPEAN LUXURY ETF (FINE) is positive.