Taking everything into account, FTVI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTVI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, FTVI did better than 72% of all other stocks. We also observe that the gains produced by FTVI over the past year are nicely spread over this period.
- A new 52 week high is currently being made by FTVI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month FTVI has a been trading in a tight range between 10.04 and 10.60.
- Considerably lower volume is observed in the last couple of days.
FTVI has an excellent technical rating, but the quality of the setup is only medium 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
9.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.02 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.73 to 9.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.11 to 10.11. 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 FTVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTVI is up. |
| ChartMill Relative Strength | 72.5 | POSITIVE | FTVI has a high relative strength, it outperformed 72.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.64 | OVERBOUGHT | The high RSI value suggests FTVI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FTVI has a positive trend. |
| Stochastics (14,3) | 9.04 | OVERSOLD | The low Stochastics value suggests FTVI may be oversold. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for FTVI suggests low volalility. |
| Average Directional Index/ADX (14) | 72.18 | POSITIVE | The high ADX value value for FTVI suggests a strong trend. |
NASDAQ:FTVI (12/27/2022, 8:26:52 PM)
10.1
0 (0%)
FINTECH ACQUISITION CORP -A / FTVI FAQ
Can you provide the ChartMill technical rating for FINTECH ACQUISITION CORP -A?
ChartMill assigns a technical rating of 9 / 10 to FTVI.
What is the trend direction for FTVI stock?
The current trend direction for FINTECH ACQUISITION CORP -A (FTVI) is Bullish.
What is the RSI signal for FINTECH ACQUISITION CORP -A (FTVI) stock?
FINTECH ACQUISITION CORP -A (FTVI) has an RSI value of 81.6367. This indicates that the stock is currently overbought.
What is the short term momentum for FTVI stock?
The short term momentum for FINTECH ACQUISITION CORP -A (FTVI) is positive.
What is the buy/sell signal for FTVI stock?
The buy/sell signal for FINTECH ACQUISITION CORP -A (FTVI) is buy as both the short term and long term trends are positive.