FT-PREFERRED SECUR & INC ETF (FPE) Stock Technical Analysis
NYSEARCA:FPE - NYSE Arca - US33739E1082 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to FPE. Although FPE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
FPE 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 FPE is lagging the market slightly.
FPE has an average volume of 1601460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FPE outperforms 47% of them, which is more or less in line with the market.
In the last month FPE has a been trading in a tight range between 17.80 and 17.93.
FPE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.87, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.76
18.40
3 important support areas can be observed.
- A support zone ranging from 17.73 to 17.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.31 to 17.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.93 to 17.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.05 to 18.22. 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 FPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FPE is up. |
| ChartMill Relative Strength | 47.78 | NEUTRAL | FPE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FPE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FPE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.12 | NEUTRAL | The RSI value for FPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests FPE may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for FPE suggests low volalility. |
| Average Directional Index/ADX (14) | 25.17 | POSITIVE | The high ADX value value for FPE 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)
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 |
|---|---|---|---|
| 17.94 | 17.79 | 0.15 (0.84%) | 25.00% |
| An entry @17.94. This is a Buy Stop order right above the 10 day high. | An exit @17.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 0.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- 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.
17.93
+0.04 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.22%
1 Week0.56%
2 Weeks0.34%
1 Month0.5%
3 Month3.52%
6 Month0.9%
12 Month2.34%
2 Year10.14%
3 Year-0.55%
5 Year-6.32%
10 Year-6.17%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.25%
ATR Inc-3.99%
Range Today0.04
ADR(20)0.04
ADR(20)%0.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.78
Mansfield-0.7
10 Day High17.93
10 Day Low17.8
20 Day High17.93
20 Day Low17.8
52 Week High18.23
52 Week Low16.77
CS1 End17.87
CR1 Start18.05
Volume & EV
DER(3)1.56%
DER(5)2.89%
Volume1.54M
Volume Incr-25.52%
Vol(5)1.17M
Vol(50)1.60M