FIRST TRUST MID CAP CORE ALP (FNX) Stock Technical Analysis
NASDAQ:FNX - Nasdaq - US33735B1089 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to FNX. FNX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
FNX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 113.69. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FNX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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97.33
We found 1 important support area.
- A support zone ranging from 98.31 to 99.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 113.69 to 115.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 124.92 to 127.28. 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 | NEUTRAL | NEUTRAL | The long term trend for FNX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNX is up. |
| ChartMill Relative Strength | 42.5 | NEUTRAL | FNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FNX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for FNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FNX has a negative trend. |
| Stochastics (14,3) | 59.24 | NEUTRAL | The Stochastics value for FNX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for FNX suggests low volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for FNX suggests a weak or negative 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 |
|---|---|---|---|
| 111.87 | 108.54 | 3.33 (2.98%) | 25.00% |
| An entry @111.87. This is a Buy Stop order right above the 10 day moving average. | An exit @108.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.33 points, which is 2.98%. | For a 0.74% 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.
NASDAQ:FNX (5/28/2025, 8:00:00 PM)
110.86
-1.42 (-1.26%)