Taking everything into account, FTEC scores 4 out of 10 in our technical rating. FTEC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
FTEC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 226.82, 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
141.08
4 important support areas can be observed.
- A support zone ranging from 224.16 to 226.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @219.27 from a horizontal line in the daily time frame.
- A support zone ranging from 213.42 to 214.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @142.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @228.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 236.47 to 238.72. 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 FTEC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTEC is neutral. |
| ChartMill Relative Strength | 70.93 | POSITIVE | FTEC has a high relative strength, it outperformed 70.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FTEC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FTEC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for FTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FTEC has a positive trend. |
| Stochastics (14,3) | 69.21 | NEUTRAL | The Stochastics value for FTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for FTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for FTEC suggests a weak or negative trend. |
227.18
+2.29 (+1.02%)
FIDELITY MSCI INFO TECH INDX / FTEC FAQ
Can you provide the ChartMill technical rating for FIDELITY MSCI INFO TECH INDX?
ChartMill assigns a technical rating of 4 / 10 to FTEC.
What is the current trend direction of FIDELITY MSCI INFO TECH INDX (FTEC) stock?
The current trend direction for FIDELITY MSCI INFO TECH INDX (FTEC) is Bullish.
What is the RSI signal for FTEC stock?
FIDELITY MSCI INFO TECH INDX (FTEC) has an RSI value of 51.9198. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIDELITY MSCI INFO TECH INDX?
The MACD indicator for FIDELITY MSCI INFO TECH INDX (FTEC) has a value of 0.0359515, indicating a bearish trend.
What is the short term momentum for FTEC stock?
The short term momentum for FIDELITY MSCI INFO TECH INDX (FTEC) is neutral.