Taking everything into account, FNK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FNK is only an average performer.
FNK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 56.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
50.12
3 important support areas can be observed.
- A support zone ranging from 54.31 to 56.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.63 to 53.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.63 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 56.58 to 57.90. 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 FNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNK is up. |
| ChartMill Relative Strength | 54.81 | NEUTRAL | FNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.77 | NEUTRAL | The RSI value for FNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.27 | NEUTRAL | The Stochastics value for FNK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for FNK suggests low volalility. |
| Average Directional Index/ADX (14) | 23.5 | NEUTRAL | The ADX value for FNK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.36 | 55.24 | 2.12 (3.70%) | 25.00% |
| An entry @57.36. This is a Buy Stop order right above the 10 day high. | An exit @55.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.12 points, which is 3.70%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.1788
-0.04 (-0.07%)
FIRST TRUST MID CAP VALUE / FNK FAQ
What is the technical rating for FNK stock?
ChartMill assigns a technical rating of 8 / 10 to FNK.
What is the current trend direction of FIRST TRUST MID CAP VALUE (FNK) stock?
The current trend direction for FIRST TRUST MID CAP VALUE (FNK) is Bullish.
What is the RSI signal for FNK stock?
FIRST TRUST MID CAP VALUE (FNK) has an RSI value of 58.7666. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FIRST TRUST MID CAP VALUE?
The buy/sell signal for FIRST TRUST MID CAP VALUE (FNK) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for FIRST TRUST MID CAP VALUE (FNK) stock?
FIRST TRUST MID CAP VALUE (FNK) has a support level at 56.18 and a resistance level at 56.58. Check the full technical report for our detailed analysis of FNK support and resistance levels.