FIRST TRUST NASDAQ FOOD & BE (FTXG) Stock Technical Analysis
NASDAQ:FTXG - Nasdaq - US33738R8521 - ETF - Currency: USD
Taking everything into account, FTXG scores 1 out of 10 in our technical rating. FTXG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FTXG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FTXG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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21.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.33 to 22.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.84 to 21.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.59 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.60 from a horizontal line in the daily time frame.
- Strong resistance @24.03 from a horizontal line in the daily time frame.
- Resistance @25.83 from a horizontal line in the weekly time frame.
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 FTXG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTXG is neutral. |
| ChartMill Relative Strength | 20.49 | NEGATIVE | FTXG has a low relative strength, it was outperformed by 79.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTXG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FTXG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.73 | NEUTRAL | The RSI value for FTXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FTXG has a positive trend. |
| Stochastics (14,3) | 31.24 | NEUTRAL | The Stochastics value for FTXG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for FTXG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.35 | NEGATIVE | The low ADX value for FTXG suggests a weak or negative trend. |
NASDAQ:FTXG (7/17/2025, 8:00:01 PM)
22.5593
+0.4 (+1.82%)