FIDELITY NEW MILLENNIUM ETF (FMIL) Stock Technical Analysis
NYSEARCA:FMIL - US3160923609 - ETF
39.505 USD
-0.1 (-0.27%)
Taking everything into account, FMIL scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FMIL is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, FMIL also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by FMIL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month FMIL has a been trading in the 36.97 - 39.75 range, which is quite wide. It is currently trading near the high of this range.
Although FMIL has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
30.51
40.02
6 important support areas can be observed.
- 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. |
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:FMIL (2/23/2024, 8:04:00 PM)
39.505
-0.1 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week0.78%
2 Weeks2.05%
1 Month6.22%
3 Month14.11%
6 Month18.99%
12 Month30.74%
2 Year32.19%
3 Year50.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.21%
ATR Inc53.29%
Range Today0.37
ADR(20)0.39
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.8
Mansfield0.26
10 Day High39.75
10 Day Low38.2
20 Day High39.75
20 Day Low36.97
52 Week High39.75
52 Week Low28.84
CS1 End39
CR1 Start39.52
Volume & EV
DER(3)11.64%
DER(5)10.66%
Volume65.60K
Volume Incr-4.42%
Vol(5)51.84K
Vol(50)47.87K