FIRST TRUST ENH SHORT MAT FD (FTSM) Stock Technical Analysis
USA - NASDAQ:FTSM - US33739Q4082 - ETF
Taking everything into account, FTSM scores 2 out of 10 in our technical rating. FTSM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is bad, FTSM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.95, a Stop Loss order could be placed below this zone.
More info and screens
58.94
We found 1 important support area.
- A support zone ranging from 59.54 to 59.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 60.00 to 60.14. 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 | UP | POSITIVE | The long term trend for FTSM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTSM is down. |
| ChartMill Relative Strength | 42.8 | NEUTRAL | FTSM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTSM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTSM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FTSM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.44 | NEUTRAL | The RSI value for FTSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FTSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.67 | NEUTRAL | The Stochastics value for FTSM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.06 | LOW VOLATILITY | The low ATR as a percentage value for FTSM suggests low volalility. |
| Average Directional Index/ADX (14) | 22.45 | NEUTRAL | The ADX value for FTSM suggests a possible start of a new trend. |
59.98
+0.02 (+0.03%)
FIRST TRUST ENH SHORT MAT FD / FTSM FAQ
What is the technical rating for FTSM stock?
ChartMill assigns a technical rating of 2 / 10 to FTSM.
What is the trend direction for FTSM stock?
The current trend direction for FIRST TRUST ENH SHORT MAT FD (FTSM) is Bullish.
Can you provide the RSI signal for FIRST TRUST ENH SHORT MAT FD?
FIRST TRUST ENH SHORT MAT FD (FTSM) has an RSI value of 46.4377. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST TRUST ENH SHORT MAT FD (FTSM) stock?
The short term momentum for FIRST TRUST ENH SHORT MAT FD (FTSM) is negative.
What is the support and resistance level for FTSM stock?
FIRST TRUST ENH SHORT MAT FD (FTSM) has a support level at 59.95 and a resistance level at 60. Check the full technical report for our detailed analysis of FTSM support and resistance levels.