South Korea Alphadex Fund FT (FKO) Technical Analysis
NYSEARCA:FKO • US33737J1667
Current stock price
FKO Technical Rating and Analysis
Overall FKO gets a technical rating of 7 out of 10. Although FKO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: FKO has an average volume of 4459 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- FKO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FKO is leading the market.
- In the last month FKO has a been trading in the 19.43 - 20.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the yearly performance of all stocks, we notice that FKO is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Volume is considerably higher in the last couple of days.
FKO Weekly and Daily overview Charts
FKO Setup Rating and Analysis
Besides having an excellent technical rating, FKO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.95, a Stop Loss order could be placed below this zone.
More info and screens
FKO Support and Resistance Analysis
18.76
We found 2 important support areas.
- A support zone ranging from 19.55 to 19.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.95 to 19.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 20.30 to 21.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
FKO 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 FKO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FKO is neutral. |
| ChartMill Relative Strength | 71.34 | POSITIVE | FKO has a high relative strength, it outperformed 71.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FKO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FKO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FKO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.6 | NEUTRAL | The RSI value for FKO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FKO has a negative trend. |
| Stochastics (14,3) | 33.99 | NEUTRAL | The Stochastics value for FKO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for FKO suggests low volalility. |
FKO Chart- and CandleStick Pattern Analysis
FKO 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 |
|---|---|---|---|
| 20.46 | 20.14 | 0.32 (1.59%) | 25.00% |
| An entry @20.46. This is a Buy Stop order right above the 10 day moving average. | An exit @20.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.32 points, which is 1.59%. | 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 FKO. 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.
FKO Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:FKO (10/30/2020, 8:00:00 PM)
20.2211
-0.3 (-1.46%)
South Korea Alphadex Fund FT / FKO TA FAQ
What is the ChartMill technical rating of South Korea Alphadex Fund FT (FKO) stock?
ChartMill assigns a technical rating of 7 / 10 to FKO.
What is the current trend direction of South Korea Alphadex Fund FT (FKO) stock?
The current trend direction for South Korea Alphadex Fund FT (FKO) is Bullish.
What is the RSI signal for South Korea Alphadex Fund FT (FKO) stock?
South Korea Alphadex Fund FT (FKO) has an RSI value of 49.602. This indicates that the stock is currently neutral.
What is the MACD signal for FKO stock?
The MACD indicator for South Korea Alphadex Fund FT (FKO) has a value of -0.061673, indicating a bearish trend.
What is the short term momentum for South Korea Alphadex Fund FT (FKO) stock?
The short term momentum for South Korea Alphadex Fund FT (FKO) is neutral.