FIRST TRUST EXCHANGE-TRADED (FTLB) Stock Technical Analysis
USA - NASDAQ:FTLB - US33738R4074 - ETF
We assign a technical rating of 1 out of 10 to FTLB. FTLB 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 technical rating of FTLB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.32
We found 2 important support areas.
- A support zone ranging from 20.87 to 20.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @20.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.94 to 20.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.35 to 22.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.90 to 22.93. 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 | DOWN | NEGATIVE | The long term trend for FTLB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTLB is down. |
| ChartMill Relative Strength | 72.06 | POSITIVE | FTLB has a high relative strength, it outperformed 72.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.77 | NEUTRAL | The RSI value for FTLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests FTLB has a negative trend. |
| Stochastics (14,3) | 10.74 | OVERSOLD | The low Stochastics value suggests FTLB may be oversold. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for FTLB suggests low volalility. |
NASDAQ:FTLB (5/10/2022, 8:00:01 PM)
20.9039
+0.03 (+0.13%)
FIRST TRUST EXCHANGE-TRADED / FTLB FAQ
Can you provide the ChartMill technical rating for FIRST TRUST EXCHANGE-TRADED?
ChartMill assigns a technical rating of 1 / 10 to FTLB.
Can you provide the trend direction for FIRST TRUST EXCHANGE-TRADED?
The current trend direction for FIRST TRUST EXCHANGE-TRADED (FTLB) is Bearish.
What is the RSI signal for FTLB stock?
FIRST TRUST EXCHANGE-TRADED (FTLB) has an RSI value of 35.7742. This indicates that the stock is currently neutral.
What is the MACD signal for FTLB stock?
The MACD indicator for FIRST TRUST EXCHANGE-TRADED (FTLB) has a value of -0.113327, indicating a bearish trend.
Can you provide the support and resistance levels for FIRST TRUST EXCHANGE-TRADED?
FIRST TRUST EXCHANGE-TRADED (FTLB) has a support level at 20.89 and a resistance level at 20.94. Check the full technical report for our detailed analysis of FTLB support and resistance levels.