FRANKLIN FTSE INDIA ETF (FLIN) Stock Technical Analysis
USA - NYSEARCA:FLIN - US35473P7693 - ETF
37.75 USD
-0.14 (-0.37%)
37.82 USD
+0.07 (+0.19%)
Taking everything into account, FLIN scores 0 out of 10 in our technical rating. FLIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than FLIN.
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 37.23 and 39.04.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, FLIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 37.56, a Stop Loss order could be placed below this zone.
More info and screens
33.65
40.37
2 important support areas can be observed.
- A support zone ranging from 36.84 to 37.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 37.89 to 37.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.68 to 39.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.97 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FLIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLIN is down. |
| ChartMill Relative Strength | 22.63 | NEGATIVE | FLIN has a low relative strength, it was outperformed by 77.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLIN is below a declining 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) | 47.37 | NEUTRAL | The RSI value for FLIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FLIN has a positive trend. |
| Stochastics (14,3) | 36.89 | NEUTRAL | The Stochastics value for FLIN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for FLIN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.56 | 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)
37.75
-0.14 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.37%
1 Week0.59%
2 Weeks0.05%
1 Month-1.18%
3 Month-3.9%
6 Month4.37%
12 Month-7.81%
2 Year22.25%
3 Year27.82%
5 Year71.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.67%
ATR Inc-36.28%
Range Today0.11
ADR(20)0.17
ADR(20)%0.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.63
Mansfield-1.12
10 Day High37.96
10 Day Low37.23
20 Day High39.04
20 Day Low37.23
52 Week High41
52 Week Low33.86
CS1 End37.56
CR1 Start37.89
Volume & EV
DER(3)-2.51%
DER(5)-2.79%
Volume86.42K
Volume Incr-42.22%
Vol(5)188.60K
Vol(50)431.70K