FIRST TRUST CHINDIA ETF (FNI) Stock Technical Analysis
USA - NYSEARCA:FNI - US33733A1025 - ETF
43.5369 USD
+0.88 (+2.06%)
Taking everything into account, FNI scores 9 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, FNI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
FNI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FNI is lagging the market slightly.
In the last month FNI has a been trading in the 37.51 - 43.59 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that FNI is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although FNI 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.
More info and screens
37.33
43.97
2 important support areas can be observed.
- 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. |
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:FNI (1/13/2023, 8:08:51 PM)
43.5369
+0.88 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.06%
1 Week4.48%
2 Weeks12.66%
1 Month10.25%
3 Month37.3%
6 Month12.5%
12 Month-10.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%2.3%
ATR Inc-20.09%
Range Today0.89
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.7
Mansfield1.43
10 Day High43.59
10 Day Low37.89
20 Day High43.59
20 Day Low37.51
52 Week High49.22
52 Week Low28.41
CS1 End40.01
CR1 StartN/A
Volume & EV
DER(3)0.14%
DER(5)3.81%
Volume16.90K
Volume Incr117.71%
Vol(5)30.24K
Vol(50)35.42K