Advisorshares New Tech and Media ETF (FNG) Technical Analysis
NYSEARCA:FNG
Current stock price
FNG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FNG. FNG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than FNG.
- FNG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FNG is lagging the market.
- In the last month FNG has a been trading in the 9.94 - 11.91 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: FNG has an average volume of 8318 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days.
FNG Weekly and Daily overview Charts
FNG Setup Rating and Analysis
FNG has a poor technical rating and the quality of the setup is also only medium 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
FNG Support and Resistance Analysis
10.03
When analyzing the support we notice one important area.
- A support zone ranging from 10.13 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.78 to 10.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.91 from a horizontal line in the daily time frame.
- Resistance @13.50 from a horizontal line in the daily time frame.
FNG 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FNG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FNG is down. |
| ChartMill Relative Strength | 8.66 | NEGATIVE | FNG has a low relative strength, it was outperformed by 91.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FNG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FNG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.59 | NEUTRAL | The RSI value for FNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FNG has a positive trend. |
| Stochastics (14,3) | 30.06 | NEUTRAL | The Stochastics value for FNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FNG suggests some volalility. |
FNG Chart- and CandleStick Pattern Analysis
FNG Technicals: Chart, Performance Metrics, Trend & Indicators
Advisorshares New Tech and Media ETF
NYSEARCA:FNG (10/4/2019, 8:04:07 PM)
10.41
+0.13 (+1.26%)
Advisorshares New Tech and Media ETF / FNG TA FAQ
What is the ChartMill technical rating of Advisorshares New Tech and Media ETF (FNG) stock?
ChartMill assigns a technical rating of 0 / 10 to FNG.
What is the trend direction for FNG stock?
The current trend direction for Advisorshares New Tech and Media ETF (FNG) is Bearish.
Can you provide the RSI signal for Advisorshares New Tech and Media ETF?
Advisorshares New Tech and Media ETF (FNG) has an RSI value of 37.5867. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Advisorshares New Tech and Media ETF?
The MACD indicator for Advisorshares New Tech and Media ETF (FNG) has a value of 0.0328999, indicating a bearish trend.
Can you provide the buy/sell signal for Advisorshares New Tech and Media ETF?
The buy/sell signal for Advisorshares New Tech and Media ETF (FNG) is sell as both the short term and long term trends are negative.