FIRST TRUST ENERGY ALPHADEX (FXN) Technical Analysis
NYSEARCA:FXN • US33734X1274
Current stock price
FXN Technical Rating and Analysis
Taking everything into account, FXN scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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 comparing the yearly performance of all stocks, we notice that FXN is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by FXN over the past year are nicely spread over this period.
- FXN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FXN is lagging the market slightly.
- FXN has an average volume of 1640380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FXN has a been trading in the 19.90 - 23.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
FXN Weekly and Daily overview Charts
FXN Setup Rating and Analysis
Although FXN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FXN Support and Resistance Analysis
16.01
4 important support areas can be observed.
- A support zone ranging from 20.18 to 20.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.70 from a trend line in the daily time frame.
- Support @17.34 from a trend line in the weekly time frame.
- Support @16.17 from a horizontal line in the daily time frame.
FXN Technical Indicator Signal Analysis
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 FXN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FXN is neutral. |
| ChartMill Relative Strength | 85.28 | POSITIVE | FXN has a high relative strength, it outperformed 85.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FXN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.53 | NEUTRAL | The RSI value for FXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.21 | NEUTRAL | The Stochastics value for FXN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for FXN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for FXN suggests a possible start of a new trend. |
FXN Chart- and CandleStick Pattern Analysis
FXN Example Setup
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 |
|---|---|---|---|
| 21.58 | 19.89 | 1.69 (7.83%) | 12.77% |
| An entry @21.58. This is a Buy Stop order right above the 10 day high. | An exit @19.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.69 points, which is 7.83%. | For a 1.00% total portfolio risk, you can invest 12.77% 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.
FXN Technicals: Chart, Performance Metrics, Trend & Indicators
21.36
-0.03 (-0.14%)
FIRST TRUST ENERGY ALPHADEX / FXN TA FAQ
What is the ChartMill technical rating of FIRST TRUST ENERGY ALPHADEX (FXN) stock?
ChartMill assigns a technical rating of 8 / 10 to FXN.
What is the trend direction for FXN stock?
The current trend direction for FIRST TRUST ENERGY ALPHADEX (FXN) is Bullish.
What is the RSI signal for FIRST TRUST ENERGY ALPHADEX (FXN) stock?
FIRST TRUST ENERGY ALPHADEX (FXN) has an RSI value of 52.5284. This indicates that the stock is currently neutral.
What is the short term momentum for FXN stock?
The short term momentum for FIRST TRUST ENERGY ALPHADEX (FXN) is neutral.