FIRST TRUST GLOBAL TACTICAL (FTGC) Stock Technical Analysis
NASDAQ:FTGC - Nasdaq - US33739H1014 - ETF - Currency: USD
Taking everything into account, FTGC scores 7 out of 10 in our technical rating. Although FTGC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
FTGC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTGC is lagging the market slightly.
In the last month FTGC has a been trading in the 23.89 - 25.64 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, FTGC turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
Although FTGC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.08
26.12
We found 3 important support areas.
- A support zone ranging from 23.93 to 24.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @23.40 from a horizontal line in the daily time frame.
- A support zone ranging from 22.30 to 22.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.62 to 25.86. 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 FTGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTGC is up. |
| ChartMill Relative Strength | 54.07 | NEUTRAL | FTGC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.54 | OVERBOUGHT | The high RSI value suggests FTGC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FTGC has a positive trend. |
| Stochastics (14,3) | 96.65 | OVERBOUGHT | The high Stochastics value suggests FTGC may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for FTGC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for FTGC 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)
25.61
+0.08 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week2.65%
2 Weeks4.57%
1 Month5.17%
3 Month1.11%
6 Month8.61%
12 Month6.05%
2 Year12.47%
3 Year-4.3%
5 Year64.75%
10 Year3.31%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.97%
ATR Inc98.4%
Range Today0.33
ADR(20)0.18
ADR(20)%0.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.07
Mansfield0.11
10 Day High25.64
10 Day Low24.37
20 Day High25.64
20 Day Low23.9
52 Week High25.97
52 Week Low22.22
CS1 End24.96
CR1 Start25.62
Volume & EV
DER(3)2.77%
DER(5)1.51%
Volume1.02M
Volume Incr20.74%
Vol(5)514.38K
Vol(50)579.26K