ALGER MID CAP 40 ETF (FRTY) Stock Technical Analysis
NYSEARCA:FRTY - NYSE Arca - US0155641071 - ETF - Currency: USD
Overall FRTY gets a technical rating of 8 out of 10. In the last year, FRTY 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FRTY did better than 78% of all other stocks.
In the last month FRTY has a been trading in the 17.10 - 18.63 range, which is quite wide. It is currently trading near the high of this range.
FRTY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRTY is lagging the market slightly.
FRTY 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 18.29, a Stop Loss order could be placed below this zone.
More info and screens
14.29
20.94
4 important support areas can be observed.
- A support zone ranging from 17.95 to 18.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.99 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.67 from a trend line in the weekly time frame.
- Support @14.43 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @19.66 from a trend line in the daily time frame.
- A resistance zone ranging from 20.73 to 20.73. 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 FRTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRTY is up. |
| ChartMill Relative Strength | 78.89 | POSITIVE | FRTY has a high relative strength, it outperformed 78.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.85 | NEUTRAL | The RSI value for FRTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FRTY has a negative trend. |
| Stochastics (14,3) | 80.02 | OVERBOUGHT | The high Stochastics value suggests FRTY may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for FRTY suggests low volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for FRTY 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 |
|---|---|---|---|
| 18.64 | 17.87 | 0.77 (4.13%) | 24.21% |
| An entry @18.64. This is a Buy Stop order right above the 10 day high. | An exit @17.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.77 points, which is 4.13%. | When investing 24.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NYSEARCA:FRTY (6/23/2025, 3:31:59 PM)
18.64
+0.26 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.41%
1 Week0.74%
2 Weeks1.55%
1 Month5.38%
3 Month11.36%
6 Month-4.57%
12 Month12.89%
2 Year41.12%
3 Year41.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%1.74%
ATR Inc-19.47%
Range Today0.46
ADR(20)0.28
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.89
Mansfield0.14
10 Day High18.63
10 Day Low17.88
20 Day High18.63
20 Day Low17.1
52 Week High21.14
52 Week Low13.56
CS1 End18.29
CR1 Start19.66
Volume & EV
DER(3)-6.27%
DER(5)-2.27%
Volume106.92K
Volume Incr-44.41%
Vol(5)26.46K
Vol(50)37.03K