FIRST TRUST NASDAQ RETAIL ET (FTXD) Stock Technical Analysis
USA - NASDAQ:FTXD - ETF
Taking everything into account, FTXD scores 2 out of 10 in our technical rating. Although FTXD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of FTXD 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
32.18
We found 1 important support area.
- A support zone ranging from 32.50 to 32.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.87 to 34.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.88 to 36.50. 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 | DOWN | NEGATIVE | The long term trend for FTXD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTXD is down. |
| ChartMill Relative Strength | 70.43 | POSITIVE | FTXD has a high relative strength, it outperformed 70.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTXD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTXD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FTXD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.67 | NEUTRAL | The RSI value for FTXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests FTXD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.88 | NEUTRAL | The Stochastics value for FTXD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for FTXD suggests low volalility. |
NASDAQ:FTXD (1/25/2022, 8:35:30 PM)
33.4037
-0.69 (-2.01%)
FIRST TRUST NASDAQ RETAIL ET / FTXD FAQ
What is the technical rating for FTXD stock?
ChartMill assigns a technical rating of 2 / 10 to FTXD.
Can you provide the trend direction for FIRST TRUST NASDAQ RETAIL ET?
The current trend direction for FIRST TRUST NASDAQ RETAIL ET (FTXD) is Bearish.
What is the RSI signal for FIRST TRUST NASDAQ RETAIL ET (FTXD) stock?
FIRST TRUST NASDAQ RETAIL ET (FTXD) has an RSI value of 38.6699. This indicates that the stock is currently neutral.
What is the short term momentum for FTXD stock?
The short term momentum for FIRST TRUST NASDAQ RETAIL ET (FTXD) is negative.
What is the buy/sell signal for FIRST TRUST NASDAQ RETAIL ET (FTXD) stock?
The buy/sell signal for FIRST TRUST NASDAQ RETAIL ET (FTXD) is sell as both the short term and long term trends are negative.