FIRST TRUST ULTRA SHORT DUR (FUMB)       19.97  -0.02 (-0.1%)

19.97  -0.02 (-0.1%)

US33740J1043 - ETF

Technical Rating

7

Overall FUMB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FUMB is only an average performer.



Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, FUMB outperforms 46% of them, which is more or less in line with the market.
FUMB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month FUMB has a been trading in a tight range between 19.91 and 20.05.

Statistics

1 Month 3 Months 6 Months 12 Months 0.10% 0.53% -0.05% -0.57% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 46.31 19.79 - 20.09
FUMB Weekly chart
FUMB Daily chart

Support/Resistance Analysis


19.60

20.40
When analyzing the support we notice one important area.
  • A support zone ranging from 19.80 to 19.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 19.98 to 20.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, FUMB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 19.96, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
19.9919.940.05 (0.24%)25.00%
An entry @19.99. This is a Buy Stop order right above the 10 day moving average.An exit @19.94. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.05 points, which is 0.24%.For a 0.06% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of FUMB. Please evaluate whether better entry and exit points can be found.
  • 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.
FUMB Daily chart

FIRST TRUST ULTRA SHORT DUR19.97

NYSEARCA:FUMB (2/3/2023, 7:04:00 PM)-0.02 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.1% 1 Week 0.03%
2 Weeks -0.17% 1 Month 0.1%
3 Month 0.53% 6 Month -0.05%

Volatility
ATR(14) 0.04 ATR(20)% 0.2%
ATR Inc -36.93% Range Today 0.02

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 46.31 Mansfield -0.25
10 Day High 20.02 10 Day Low 19.95
20 Day High 20.05 20 Day Low 19.91
52 Week High 20.09 52 Week Low 19.79
CS1 End 19.96 CR1 Start 19.98

Volume & EV
DER(3) -8.64% DER(5) -8.04%
Volume 26.80K Volume Incr 7.45%
Vol(5) 145.26K Vol(50) 148.68K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA