FIRST TRUST UNITED KINGDOM (FKU) Stock Technical Analysis
USA - NASDAQ:FKU - US33737J2244 - ETF
Overall FKU gets a technical rating of 9 out of 10. Both in the recent history as in the last year, FKU has proven to be a steady performer, scoring decent points in every aspect analyzed.
FKU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 48.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.38, a Stop Loss order could be placed below this zone.
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35.54
When analyzing the support we can see 4 important areas.
- A support zone ranging from 47.08 to 48.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.64 to 45.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.16 from a trend line in the weekly time frame.
- Support @35.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.84 to 48.84. 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 FKU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FKU is up. |
| ChartMill Relative Strength | 71.82 | POSITIVE | FKU has a high relative strength, it outperformed 71.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FKU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FKU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FKU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.34 | NEUTRAL | The RSI value for FKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.42 | NEUTRAL | The Stochastics value for FKU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for FKU suggests low volalility. |
| Average Directional Index/ADX (14) | 8.32 | NEGATIVE | The low ADX value for FKU 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 |
|---|---|---|---|
| 48.85 | 47.68 | 1.17 (2.41%) | 25.00% |
| An entry @48.85. This is a Buy Stop order right above the resistance zone. | An exit @47.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.17 points, which is 2.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
48.765
+0.24 (+0.49%)
FIRST TRUST UNITED KINGDOM / FKU FAQ
Can you provide the ChartMill technical rating for FIRST TRUST UNITED KINGDOM?
ChartMill assigns a technical rating of 9 / 10 to FKU.
What is the trend direction for FKU stock?
The current trend direction for FIRST TRUST UNITED KINGDOM (FKU) is Bullish.
What is the RSI signal for FIRST TRUST UNITED KINGDOM (FKU) stock?
FIRST TRUST UNITED KINGDOM (FKU) has an RSI value of 57.3409. This indicates that the stock is currently neutral.
What is the buy/sell signal for FKU stock?
The buy/sell signal for FIRST TRUST UNITED KINGDOM (FKU) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for FIRST TRUST UNITED KINGDOM?
FIRST TRUST UNITED KINGDOM (FKU) has a support level at 48.38 and a resistance level at 48.84. Check the full technical report for our detailed analysis of FKU support and resistance levels.