GLOBAL X FINTECH ETF (FINX) Stock Technical Analysis
NASDAQ:FINX - Nasdaq - US37954Y8140 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to FINX. FINX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FINX is one of the better performing stocks in the market, outperforming 87% of all stocks.
FINX 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 FINX has a been trading in the 30.30 - 33.80 range, which is quite wide. It is currently trading near the high of this range.
Although FINX 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
24.73
34.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 31.88 to 32.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.24 to 31.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.67 to 30.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.89 from a trend line in the weekly time frame.
- Support @24.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @33.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.18 to 34.33. 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 | UP | POSITIVE | The long term trend for FINX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FINX is up. |
| ChartMill Relative Strength | 87.9 | POSITIVE | FINX has a high relative strength, it outperformed 87.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FINX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FINX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FINX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.78 | NEUTRAL | The RSI value for FINX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FINX has a positive trend. |
| Stochastics (14,3) | 90.85 | OVERBOUGHT | The high Stochastics value suggests FINX may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for FINX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for FINX suggests a weak or negative 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)
33.24
-0.5 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.48%
1 Week5.09%
2 Weeks2.43%
1 Month7.26%
3 Month20.04%
6 Month3.39%
12 Month32.11%
2 Year50.61%
3 Year56.06%
5 Year0.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%1.95%
ATR Inc39.74%
Range Today0.66
ADR(20)0.57
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield0.66
10 Day High33.8
10 Day Low31.17
20 Day High33.8
20 Day Low30.3
52 Week High34.43
52 Week Low23.44
CS1 End32.32
CR1 Start33.45
Volume & EV
DER(3)2.63%
DER(5)2.41%
Volume52.00K
Volume Incr31.39%
Vol(5)37.92K
Vol(50)36.33K