We assign a technical rating of 7 out of 10 to FTAG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FTAG is only an average performer.
FTAG 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 26.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.15, a Stop Loss order could be placed below this zone.
More info and screens
24.84
We found 2 important support areas.
- A support zone ranging from 25.66 to 26.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.09 to 25.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.30 to 26.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.28 to 27.28. 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 FTAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTAG is up. |
| ChartMill Relative Strength | 63.19 | NEUTRAL | FTAG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.07 | NEUTRAL | The RSI value for FTAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FTAG has a positive trend. |
| Stochastics (14,3) | 66.69 | NEUTRAL | The Stochastics value for FTAG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for FTAG suggests low volalility. |
| Average Directional Index/ADX (14) | 16.01 | NEGATIVE | The low ADX value for FTAG 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 |
|---|---|---|---|
| 26.55 | 25.78 | 0.77 (2.90%) | 25.00% |
| An entry @26.55. This is a Buy Stop order right above the resistance zone. | An exit @25.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.77 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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.
26.24
+0.05 (+0.2%)
FIRST TRUST INDXX GLOBAL AGR / FTAG FAQ
What is the ChartMill technical rating of FIRST TRUST INDXX GLOBAL AGR (FTAG) stock?
ChartMill assigns a technical rating of 7 / 10 to FTAG.
What is the current trend direction of FIRST TRUST INDXX GLOBAL AGR (FTAG) stock?
The current trend direction for FIRST TRUST INDXX GLOBAL AGR (FTAG) is Bullish.
What is the RSI signal for FIRST TRUST INDXX GLOBAL AGR (FTAG) stock?
FIRST TRUST INDXX GLOBAL AGR (FTAG) has an RSI value of 57.0696. This indicates that the stock is currently neutral.
What is the MACD signal for FTAG stock?
The MACD indicator for FIRST TRUST INDXX GLOBAL AGR (FTAG) has a value of 0.0106736, indicating a bearish trend.
What is the short term momentum for FTAG stock?
The short term momentum for FIRST TRUST INDXX GLOBAL AGR (FTAG) is positive.