FIRST TRUST LARGE CAP GROWTH (FTC) Stock Technical Analysis
USA - NASDAQ:FTC - US33735K1088 - ETF
Overall FTC gets a technical rating of 3 out of 10. FTC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The technical rating of FTC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
117.06
4 important support areas can be observed.
- A support zone ranging from 156.23 to 156.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @153.29 from a horizontal line in the daily time frame.
- Support @121.95 from a trend line in the weekly time frame.
- Support @118.24 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 158.34 to 164.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for FTC is neutral. |
| ChartMill Relative Strength | 61.67 | NEUTRAL | FTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTC is below a declining 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) | 40.24 | NEUTRAL | The RSI value for FTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests FTC has a negative trend. |
| Stochastics (14,3) | 30.01 | NEUTRAL | The Stochastics value for FTC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for FTC suggests low volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for FTC suggests a strong trend. |
156.24
-0.38 (-0.24%)
FIRST TRUST LARGE CAP GROWTH / FTC FAQ
What is the ChartMill technical rating of FIRST TRUST LARGE CAP GROWTH (FTC) stock?
ChartMill assigns a technical rating of 3 / 10 to FTC.
Can you provide the trend direction for FIRST TRUST LARGE CAP GROWTH?
The current trend direction for FIRST TRUST LARGE CAP GROWTH (FTC) is Bullish.
Can you provide the RSI signal for FIRST TRUST LARGE CAP GROWTH?
FIRST TRUST LARGE CAP GROWTH (FTC) has an RSI value of 40.2399. This indicates that the stock is currently neutral.
What is the support and resistance level for FTC stock?
FIRST TRUST LARGE CAP GROWTH (FTC) has a support level at 156.23 and a resistance level at 158.34. Check the full technical report for our detailed analysis of FTC support and resistance levels.