Taking everything into account, FKO scores 7 out of 10 in our technical rating. 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.
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.
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18.76
When analyzing the support we can see 2 important 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. |
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%)
South Korea Alphadex Fund FT / FKO 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 trend direction for FKO stock?
The current trend direction for South Korea Alphadex Fund FT (FKO) is Bullish.
What is the RSI signal for 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.
Can you provide the support and resistance levels for South Korea Alphadex Fund FT?
South Korea Alphadex Fund FT (FKO) has a support level at 19.95 and a resistance level at 20.3. Check the full technical report for our detailed analysis of FKO support and resistance levels.