Logo image of FLM

FIRST TRUST GLOBAL ENGINEERI (FLM) Stock Technical Analysis

NYSEARCA:FLM - NYSE Arca - US33736M1036 - ETF - Currency: USD

49.8129  +0.64 (+1.3%)

Technical Rating and Analysis

3

Overall FLM gets a technical rating of 3 out of 10. FLM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

Warning: FLM has an average volume of 1092 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month FLM has a been trading in the 45.60 - 49.85 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, FLM turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
FLM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FLM is lagging the market slightly.
Weekly and Daily overview Charts
FIRST TRUST GLOBAL ENGINEERI / FLM Weekly stock chart
FIRST TRUST GLOBAL ENGINEERI / FLM Daily stock chart
Setup Rating and Analysis

2

The technical rating of FLM is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

45.13

57.37

We found 2 important support areas.

  • A support zone ranging from 48.74 to 49.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 45.59 to 45.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • Resistance @49.94 from a trend line in the daily time frame.
  • A resistance zone ranging from 53.72 to 54.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 55.09 to 56.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for FLM is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for FLM is up.
ChartMill Relative Strength52.98NEUTRALFLM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of FLM is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of FLM is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of FLM is below a declining SMA(200).
Relative Strength Index/RSI (14)66.13NEUTRALThe RSI value for FLM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.47POSITIVEThe MACD value suggests FLM has a positive trend.
Stochastics (14,3)99.71OVERBOUGHTThe high Stochastics value suggests FLM may be overbought.
Average True Range in percent/ATR (20)1.19LOW VOLATILITYThe low ATR as a percentage value for FLM suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
FIRST TRUST GLOBAL ENGINEERI / FLM Daily stock chart

FIRST TRUST GLOBAL ENGINEERI

NYSEARCA:FLM (7/29/2022, 8:04:00 PM)

49.8129

+0.64 (+1.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week4.58%
2 Weeks8.67%
1 Month5.58%
3 Month-2.09%
6 Month-5.03%
12 Month-8.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%1.19%
ATR Inc26.22%
Range Today0.57
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.98
Mansfield-0.09
10 Day High49.85
10 Day Low46.11
20 Day High49.85
20 Day Low45.6
52 Week High56.94
52 Week Low45.6
CS1 End49.78
CR1 Start49.94
Volume & EV
DER(3)3.85%
DER(5)2.31%
Volume5.10K
Volume Incr38.07%
Vol(5)1.36K
Vol(50)1.09K