FIRST TRUST GLOBAL TACTICAL (FTGC) Stock Technical Analysis
NASDAQ:FTGC - Nasdaq - US33739H1014 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to FTGC. FTGC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
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 46% of all stocks.
In the last month FTGC has a been trading in a tight range between 24.60 and 26.02.
FTGC has an average technical rating and it also does not offer a high 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
22.08
26.17
We found 4 important support areas.
- A support zone ranging from 24.73 to 25.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.93 to 24.27. This zone is formed by a combination of multiple trend lines 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 25.85 to 25.91. 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 | 46.3 | 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) | 61.55 | NEUTRAL | The RSI value for FTGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FTGC has a positive trend. |
| Stochastics (14,3) | 46.51 | NEUTRAL | The Stochastics value for FTGC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for FTGC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.72 | 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)
25.44
+0.31 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.23%
1 Week1.84%
2 Weeks2.66%
1 Month1.82%
3 Month5.47%
6 Month2.91%
12 Month6.22%
2 Year4.09%
3 Year-6.13%
5 Year54.07%
10 Year10.85%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.07%
ATR Inc-15.62%
Range Today0.2
ADR(20)0.21
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.3
Mansfield-0.26
10 Day High25.46
10 Day Low24.6
20 Day High26.02
20 Day Low24.6
52 Week High26.02
52 Week Low22.22
CS1 End25.16
CR1 Start25.85
Volume & EV
DER(3)5.4%
DER(5)3.11%
Volume522.10K
Volume Incr-19.31%
Vol(5)572.90K
Vol(50)556.42K