FIRST TRUST US EQUITY OPPORT (FPX) Stock Technical Analysis
NYSEARCA:FPX - NYSE Arca - US3369201039 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to FPX. Both in the recent history as in the last year, FPX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: FPX has an average volume of 22850 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FPX did better than 90% of all other stocks. On top of that, FPX also shows a nice and consistent pattern of rising prices.
FPX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FPX is leading the market.
In the last month FPX has a been trading in the 130.75 - 141.36 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
FPX 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 resistance zone just above the current price starting at 140.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 139.18, a Stop Loss order could be placed below this zone.
More info and screens
97.70
144.97
We found 3 important support areas.
- A support zone ranging from 137.51 to 139.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.55 from a trend line in the weekly time frame.
- A support zone ranging from 98.69 to 99.42. 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 140.10 to 143.53. 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 FPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FPX is up. |
| ChartMill Relative Strength | 90.17 | POSITIVE | FPX has a high relative strength, it outperformed 90.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.43 | NEUTRAL | The RSI value for FPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests FPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.09 | NEUTRAL | The Stochastics value for FPX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for FPX suggests low volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for FPX suggests a weak or negative 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 |
|---|---|---|---|
| 143.54 | 137.50 | 6.04 (4.21%) | 23.76% |
| An entry @143.54. This is a Buy Stop order right above the resistance zone. | An exit @137.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.04 points, which is 4.21%. | For a 1.00% total portfolio risk, you can invest 23.76% 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.
139.781
+0.42 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.3%
1 Week0.29%
2 Weeks-0.08%
1 Month3.59%
3 Month20.05%
6 Month13.34%
12 Month40.68%
2 Year58.54%
3 Year70.15%
5 Year66.82%
10 Year156.29%
15 Year640.76%
Volatility
ATR(14)2.17
ATR(20)%1.64%
ATR Inc-26.43%
Range Today1.33
ADR(20)2.03
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.17
Mansfield1.44
10 Day High141.36
10 Day Low136.91
20 Day High141.36
20 Day Low130.75
52 Week High143.53
52 Week Low88.74
CS1 End139.18
CR1 Start140.1
Volume & EV
DER(3)-1.25%
DER(5)2.49%
Volume12.30K
Volume Incr-41.22%
Vol(5)12.90K
Vol(50)22.85K