FIRST TRUST GLOBAL ENGINEERI (FLM) Stock Technical Analysis
NYSEARCA:FLM - NYSE Arca - US33736M1036 - ETF - Currency: USD
Taking everything into account, FLM scores 3 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 currently trading near new highs, so FLM is lagging the market.
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.
More info and screens
45.13
57.37
When analyzing the support we can see 2 important 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.
We can see 3 important resistance areas.
- 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.
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 FLM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLM is up. |
| ChartMill Relative Strength | 52.98 | NEUTRAL | FLM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FLM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.13 | NEUTRAL | The RSI value for FLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests FLM has a positive trend. |
| Stochastics (14,3) | 99.71 | OVERBOUGHT | The high Stochastics value suggests FLM may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for FLM suggests low volalility. |
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)
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