FIRST TRUST NASDAQ BANK ETF (FTXO) Stock Technical Analysis
NASDAQ:FTXO - Nasdaq - US33738R8604 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to FTXO. FTXO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FTXO did better than 79% of all other stocks. On top of that, FTXO also shows a nice and consistent pattern of rising prices.
In the last month FTXO has a been trading in the 30.08 - 32.03 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
FTXO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FTXO is lagging the market slightly.
FTXO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.38, a Stop Loss order could be placed below this zone.
More info and screens
25.05
35.63
We found 3 important support areas.
- A support zone ranging from 30.09 to 31.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.93 from a trend line in the weekly time frame.
- Support @25.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.76 to 31.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.14 from a trend line in the daily time frame.
- A resistance zone ranging from 34.92 to 35.28. 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 FTXO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTXO is neutral. |
| ChartMill Relative Strength | 79.54 | POSITIVE | FTXO has a high relative strength, it outperformed 79.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.62 | NEUTRAL | The RSI value for FTXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FTXO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.2 | NEUTRAL | The Stochastics value for FTXO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for FTXO suggests low volalility. |
| Average Directional Index/ADX (14) | 16.37 | NEGATIVE | The low ADX value for FTXO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.93 | 30.66 | 1.27 (3.98%) | 25.00% |
| An entry @31.93. This is a Buy Stop order right above the resistance zone. | An exit @30.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.27 points, which is 3.98%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:FTXO (6/20/2025, 8:00:00 PM)
31.51
+0.24 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.77%
1 Week0.22%
2 Weeks1.78%
1 Month2.97%
3 Month3.41%
6 Month-0.94%
12 Month21.87%
2 Year48.47%
3 Year20.96%
5 Year77.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.48%
ATR Inc-2.3%
Range Today0.17
ADR(20)0.38
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.54
Mansfield-0.05
10 Day High32.03
10 Day Low30.67
20 Day High32.03
20 Day Low30.08
52 Week High35.58
52 Week Low25.05
CS1 End31.38
CR1 Start31.76
Volume & EV
DER(3)2.01%
DER(5)-1.07%
Volume24.20K
Volume Incr58.62%
Vol(5)57.88K
Vol(50)55.47K