Taking everything into account, FNI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FNI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although FNI 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
37.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.71 to 40.01. 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 37.71 to 38.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 FNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNI is up. |
| ChartMill Relative Strength | 85.7 | POSITIVE | FNI has a high relative strength, it outperformed 85.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.39 | OVERBOUGHT | The high RSI value suggests FNI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests FNI has a positive trend. |
| Stochastics (14,3) | 98.6 | OVERBOUGHT | The high Stochastics value suggests FNI may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for FNI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for FNI suggests a strong trend. |
NYSEARCA:FNI (1/13/2023, 8:08:51 PM)
43.5369
+0.88 (+2.06%)
FIRST TRUST CHINDIA ETF / FNI FAQ
Can you provide the ChartMill technical rating for FIRST TRUST CHINDIA ETF?
ChartMill assigns a technical rating of 8 / 10 to FNI.
Can you provide the trend direction for FIRST TRUST CHINDIA ETF?
The current trend direction for FIRST TRUST CHINDIA ETF (FNI) is Bullish.
What is the RSI signal for FNI stock?
FIRST TRUST CHINDIA ETF (FNI) has an RSI value of 72.3889. This indicates that the stock is currently overbought.
What is the MACD signal for FNI stock?
The MACD indicator for FIRST TRUST CHINDIA ETF (FNI) has a value of 0.294646, indicating a bearish trend.
What is the support and resistance level for FNI stock?
FIRST TRUST CHINDIA ETF (FNI) has a support level at 40.01. Check the full technical report for our detailed analysis of FNI support and resistance levels.