FIRST TRUST MID CAP GROWTH (FNY) Stock Technical Analysis
NASDAQ:FNY - Nasdaq - US33737M1027 - ETF - Currency: USD
Overall FNY gets a technical rating of 8 out of 10. In the last year, FNY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, FNY 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 79.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FNY 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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68.80
We found 2 important support areas.
- A support zone ranging from 78.15 to 79.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.49 to 69.75. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 80.15 to 80.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @82.37 from a trend line in the daily time frame.
- A resistance zone ranging from 87.00 to 88.28. 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 | UP | POSITIVE | The long term trend for FNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNY is up. |
| ChartMill Relative Strength | 71.04 | POSITIVE | FNY has a high relative strength, it outperformed 71.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.28 | NEUTRAL | The RSI value for FNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FNY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.28 | NEUTRAL | The Stochastics value for FNY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for FNY suggests low volalility. |
| Average Directional Index/ADX (14) | 10.46 | NEGATIVE | The low ADX value for FNY 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 |
|---|---|---|---|
| 80.55 | 78.74 | 1.81 (2.25%) | 25.00% |
| An entry @80.55. This is a Buy Stop order right above the resistance zone. | An exit @78.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 2.25%. | For a 0.56% 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:FNY (6/18/2025, 8:00:00 PM)
80.14
+0.47 (+0.59%)