FRANKLIN FTSE CANADA ETF (FLCA) Stock Technical Analysis
NYSEARCA:FLCA - NYSE Arca - US35473P8279 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to FLCA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLCA is showing a nice and steady performance.
Warning: FLCA has an average volume of 20570 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FLCA is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by FLCA over the past year are nicely spread over this period.
FLCA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FLCA is performing more or less in line with the market.
In the last month FLCA has a been trading in a tight range between 39.88 and 42.21.
Although FLCA 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
34.70
42.26
We found 4 important support areas.
- Support @40.79 from a horizontal line in the daily time frame.
- Support @37.75 from a horizontal line in the daily time frame.
- Support @36.04 from a trend line in the weekly time frame.
- Support @35.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.10 to 41.84. 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 FLCA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLCA is up. |
| ChartMill Relative Strength | 83.36 | POSITIVE | FLCA has a high relative strength, it outperformed 83.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FLCA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLCA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLCA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | NEUTRAL | The RSI value for FLCA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FLCA has a negative trend. |
| Stochastics (14,3) | 38.51 | NEUTRAL | The Stochastics value for FLCA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for FLCA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.86 | POSITIVE | The high ADX value value for FLCA suggests a strong 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)
40.8
-0.64 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week-2.21%
2 Weeks-0.75%
1 Month2.13%
3 Month9.57%
6 Month12.27%
12 Month23.72%
2 Year29.15%
3 Year33.55%
5 Year76.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.83%
ATR Inc45.25%
Range Today0.48
ADR(20)0.28
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.36
Mansfield0.54
10 Day High42.21
10 Day Low40.79
20 Day High42.21
20 Day Low39.89
52 Week High42.21
52 Week Low32.08
CS1 End40.79
CR1 Start41.1
Volume & EV
DER(3)-6.05%
DER(5)-3.98%
Volume26.00K
Volume Incr48.5%
Vol(5)21.22K
Vol(50)20.57K