FIRST TRUST LARGE CAP GROWTH (FTC) Stock Technical Analysis
NASDAQ:FTC - Nasdaq - US33735K1088 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to FTC. Both in the recent history as in the last year, FTC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FTC is one of the better performing stocks in the market, outperforming 80% of all stocks.
FTC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTC is performing more or less in line with the market.
FTC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
FTC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 143.16, 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
117.06
150.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 140.38 to 143.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 137.01 to 137.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @121.51 from a trend line in the weekly time frame.
- Support @118.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 149.09 to 149.10. 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 FTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTC is up. |
| ChartMill Relative Strength | 80.16 | POSITIVE | FTC has a high relative strength, it outperformed 80.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.82 | NEUTRAL | The RSI value for FTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests FTC has a negative trend. |
| Stochastics (14,3) | 79.23 | NEUTRAL | The Stochastics value for FTC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for FTC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.47 | NEUTRAL | The ADX value for FTC suggests a possible start of a new 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 |
|---|---|---|---|
| 144.15 | 140.37 | 3.78 (2.62%) | 25.00% |
| An entry @144.15. This is a Buy Stop order right above the 10 day high. | An exit @140.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.78 points, which is 2.62%. | For a 0.66% 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.
143.27
+0.88 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.61%
1 Week1.73%
2 Weeks0.57%
1 Month7.4%
3 Month1.47%
6 Month-3.39%
12 Month19.14%
2 Year55.14%
3 Year48.5%
5 Year92.9%
10 Year192.81%
15 Year495.72%
Volatility
ATR(14)1.92
ATR(20)%1.35%
ATR Inc-5.32%
Range Today1.59
ADR(20)1.58
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.16
Mansfield0.38
10 Day High144.14
10 Day Low139.02
20 Day High144.14
20 Day Low134.14
52 Week High149.16
52 Week Low113.13
CS1 End143.16
CR1 Start149.09
Volume & EV
DER(3)-0.69%
DER(5)-0.6%
Volume5.50K
Volume Incr22.69%
Vol(5)26.06K
Vol(50)34.52K