FIRST TRUST ULTRA SHORT DUR (FUMB) Technical Analysis
NYSEARCA:FUMB • US33740J1043
We assign a technical rating of 5 out of 10 to FUMB. FUMB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- FUMB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FUMB is lagging the market.
- 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.
- When compared to the yearly performance of all other stocks, FUMB outperforms 43% of them, which is more or less in line with the market.
- In the last month FUMB has a been trading in a tight range between 20.08 and 20.16.
FUMB has only a medium 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 20.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.80
When analyzing the support we notice one important area.
- A support zone ranging from 20.00 to 20.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.12 to 20.17. 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 FUMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FUMB is neutral. |
| ChartMill Relative Strength | 43.22 | NEUTRAL | FUMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FUMB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FUMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FUMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.06 | NEUTRAL | The RSI value for FUMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FUMB has a positive trend. |
| Stochastics (14,3) | 54.74 | NEUTRAL | The Stochastics value for FUMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for FUMB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for FUMB suggests a weak or negative trend. |
FUMB Technicals: Chart, Performance Metrics, Trend & Indicators
20.12
0 (0%)
FIRST TRUST ULTRA SHORT DUR / FUMB FAQ
Can you provide the ChartMill technical rating for FIRST TRUST ULTRA SHORT DUR?
ChartMill assigns a technical rating of 5 / 10 to FUMB.
What is the current trend direction of FIRST TRUST ULTRA SHORT DUR (FUMB) stock?
The current trend direction for FIRST TRUST ULTRA SHORT DUR (FUMB) is Bullish.
What is the RSI signal for FUMB stock?
FIRST TRUST ULTRA SHORT DUR (FUMB) has an RSI value of 55.061. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST TRUST ULTRA SHORT DUR?
The MACD indicator for FIRST TRUST ULTRA SHORT DUR (FUMB) has a value of 0.00106143, indicating a bearish trend.
What is the short term momentum for FIRST TRUST ULTRA SHORT DUR (FUMB) stock?
The short term momentum for FIRST TRUST ULTRA SHORT DUR (FUMB) is neutral.