FIRST TRUST VALUE LINE DVD (FVD) Stock Technical Analysis
NYSEARCA:FVD - NYSE Arca - US33734H1068 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to FVD. In the past year, FVD was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Although the technical rating is only medium, FVD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.99, a Stop Loss order could be placed below this zone.
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41.47
When analyzing the support we notice one important area.
- A support zone ranging from 41.89 to 43.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.22 to 45.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 46.70 to 46.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 44.22 | 42.00 | 2.22 (5.03%) | 19.89% |
| An entry @44.22. This is a Buy Stop order right above the 10 day high. | An exit @42.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.22 points, which is 5.03%. | When investing 19.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
44.15
+0.54 (+1.24%)