South Korea Alphadex Fund FT (FKO) Stock Technical Analysis
NYSEARCA:FKO - NYSE Arca - US33737J1667
Taking everything into account, FKO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FKO is only an average performer.
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 short term is neutral, but the long term trend is still positive. Not much to worry about 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.
Looking at the yearly performance, FKO did better than 71% of all other 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 has an excellent technical rating and 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
18.76
21.40
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.
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. |
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 |
|---|---|---|---|
| 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.
NYSEARCA:FKO (10/30/2020, 8:00:00 PM)
20.2211
-0.3 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.46%
1 Week-2.83%
2 Weeks-3.06%
1 Month6.65%
3 Month9.42%
6 Month45.37%
12 Month4.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.57%
ATR Inc16.21%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.34
Mansfield0.29
10 Day High20.83
10 Day Low20.15
20 Day High20.97
20 Day Low19.43
52 Week High20.97
52 Week Low12.23
CS1 End19.95
CR1 Start20.3
Volume & EV
DER(3)-3.21%
DER(5)-2.75%
Volume11.20K
Volume Incr116.55%
Vol(5)8.90K
Vol(50)4.46K