FIRST TRUST GLOBAL TACTICAL (FTGC) Stock Technical Analysis
NASDAQ:FTGC - Nasdaq - US33739H1014 - ETF - Currency: USD
Overall FTGC gets a technical rating of 2 out of 10. FTGC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, FTGC outperforms 56% of them, which is more or less in line with the market.
FTGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FTGC is lagging the market slightly.
In the last month FTGC has a been trading in a tight range between 24.64 and 25.74.
The technical rating of FTGC 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
22.07
26.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.93 to 24.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.26 to 23.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.29 to 22.36. 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 25.00 to 25.91. 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 | NEUTRAL | NEUTRAL | The long term trend for FTGC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTGC is down. |
| ChartMill Relative Strength | 56.04 | NEUTRAL | FTGC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FTGC is below 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) | 38.01 | NEUTRAL | The RSI value for FTGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FTGC has a negative trend. |
| Stochastics (14,3) | 10.48 | OVERSOLD | The low Stochastics value suggests FTGC may be oversold. |
| 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) | 18.57 | 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)
24.704
-0.19 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.75%
1 Week-2.38%
2 Weeks-3.2%
1 Month-1.1%
3 Month1.79%
6 Month-0.63%
12 Month8.68%
2 Year1.04%
3 Year-8.3%
5 Year42.35%
10 Year9.26%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.97%
ATR Inc-4.63%
Range Today0.26
ADR(20)0.22
ADR(20)%0.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.04
Mansfield-0.48
10 Day High25.61
10 Day Low24.64
20 Day High25.74
20 Day Low24.64
52 Week High26.02
52 Week Low22.22
CS1 End24.64
CR1 Start25
Volume & EV
DER(3)-6.4%
DER(5)-4.44%
Volume299.40K
Volume Incr-25.74%
Vol(5)538.48K
Vol(50)654.99K