Overall FMIL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FMIL is showing a nice and steady performance.
Although FMIL has an excellent technical rating, it does not present a decent entry opportunity 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.
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30.51
When analyzing the support we can see 6 important areas.
- A support zone ranging from 38.44 to 39.00. 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 37.04 to 37.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.40 to 35.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.41 to 34.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 32.82 to 33.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.52 to 39.62. 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 FMIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMIL is up. |
| ChartMill Relative Strength | 83.8 | POSITIVE | FMIL has a high relative strength, it outperformed 83.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMIL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.47 | NEUTRAL | The RSI value for FMIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FMIL has a positive trend. |
| Stochastics (14,3) | 83.94 | OVERBOUGHT | The high Stochastics value suggests FMIL may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for FMIL suggests low volalility. |
| Average Directional Index/ADX (14) | 42.33 | POSITIVE | The high ADX value value for FMIL suggests a strong trend. |
NYSEARCA:FMIL (2/23/2024, 8:04:00 PM)
39.505
-0.1 (-0.27%)
FIDELITY NEW MILLENNIUM ETF / FMIL FAQ
Can you provide the ChartMill technical rating for FIDELITY NEW MILLENNIUM ETF?
ChartMill assigns a technical rating of 10 / 10 to FMIL.
What is the trend direction for FMIL stock?
The current trend direction for FIDELITY NEW MILLENNIUM ETF (FMIL) is Bullish.
Can you provide the RSI signal for FIDELITY NEW MILLENNIUM ETF?
FIDELITY NEW MILLENNIUM ETF (FMIL) has an RSI value of 68.4654. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIDELITY NEW MILLENNIUM ETF?
The MACD indicator for FIDELITY NEW MILLENNIUM ETF (FMIL) has a value of 0.00838722, indicating a bearish trend.
Can you provide the short term momentum for FIDELITY NEW MILLENNIUM ETF?
The short term momentum for FIDELITY NEW MILLENNIUM ETF (FMIL) is positive.