FRANKLIN FTSE INDIA ETF (FLIN) Stock Technical Analysis
NYSEARCA:FLIN - NYSE Arca - US35473P7693 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to FLIN. Although FLIN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
65% of all other stocks performed better in the past year than FLIN.
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.
FLIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLIN is lagging the market.
In the last month FLIN has a been trading in a tight range between 38.48 and 40.09.
Considerably lower volume is observed in the last couple of days.
FLIN has an average technical rating and it also 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
33.65
40.37
3 important support areas can be observed.
- A support zone ranging from 38.45 to 38.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.30 from a trend line in the weekly time frame.
- A support zone ranging from 33.99 to 34.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.10 to 39.97. 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 FLIN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLIN is neutral. |
| ChartMill Relative Strength | 35.47 | NEUTRAL | FLIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FLIN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FLIN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FLIN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.43 | NEUTRAL | The RSI value for FLIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FLIN has a negative trend. |
| Stochastics (14,3) | 24.13 | NEUTRAL | The Stochastics value for FLIN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for FLIN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.23 | NEGATIVE | The low ADX value for FLIN suggests a weak or negative 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)
39.09
-0.32 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.81%
1 Week-0.48%
2 Weeks-1.96%
1 Month1.43%
3 Month4.49%
6 Month6.19%
12 Month-2.64%
2 Year23.08%
3 Year31.57%
5 Year84.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.73%
ATR Inc48.17%
Range Today0.19
ADR(20)0.18
ADR(20)%0.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.47
Mansfield-0.67
10 Day High39.86
10 Day Low39.04
20 Day High40.09
20 Day Low38.48
52 Week High42.49
52 Week Low33.86
CS1 End38.76
CR1 Start39.1
Volume & EV
DER(3)3.15%
DER(5)1.9%
Volume130.40K
Volume Incr-50.34%
Vol(5)215.08K
Vol(50)365.91K