FIRST TRUST MANAGED MUNICIPA (FMB) Stock Technical Analysis
USA - NASDAQ:FMB - US33739N1081 - ETF
Overall FMB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FMB is only an average performer.
FMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 51.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.62
We found 2 important support areas.
- A support zone ranging from 50.17 to 51.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.11 to 49.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 51.32 to 52.09. 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 | UP | POSITIVE | The long term trend for FMB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMB is up. |
| ChartMill Relative Strength | 51.15 | NEUTRAL | FMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.59 | NEUTRAL | The RSI value for FMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FMB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.72 | NEUTRAL | The Stochastics value for FMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for FMB suggests low volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for FMB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.34 | 50.98 | 0.36 (0.70%) | 25.00% |
| An entry @51.34. This is a Buy Stop order right above the 10 day high. | An exit @50.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.36 points, which is 0.70%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
51.25
+0.12 (+0.23%)
FIRST TRUST MANAGED MUNICIPA / FMB FAQ
What is the ChartMill technical rating of FIRST TRUST MANAGED MUNICIPA (FMB) stock?
ChartMill assigns a technical rating of 7 / 10 to FMB.
What is the current trend direction of FIRST TRUST MANAGED MUNICIPA (FMB) stock?
The current trend direction for FIRST TRUST MANAGED MUNICIPA (FMB) is Bullish.
Can you provide the RSI signal for FIRST TRUST MANAGED MUNICIPA?
FIRST TRUST MANAGED MUNICIPA (FMB) has an RSI value of 60.5908. This indicates that the stock is currently neutral.
What is the short term momentum for FMB stock?
The short term momentum for FIRST TRUST MANAGED MUNICIPA (FMB) is positive.
What is the buy/sell signal for FMB stock?
The buy/sell signal for FIRST TRUST MANAGED MUNICIPA (FMB) is buy as both the short term and long term trends are positive.