FIRST TRUST FINANCIAL ALPHAD (FXO) Stock Technical Analysis
USA - NYSEARCA:FXO - US33734X1357 - ETF
Overall FXO gets a technical rating of 5 out of 10. In the last year, FXO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, FXO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 58.04, a Stop Loss order could be placed below this zone.
More info and screens
47.54
We found 3 important support areas.
- A support zone ranging from 57.36 to 58.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.48 to 56.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.33 to 60.33. 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 FXO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FXO is neutral. |
| ChartMill Relative Strength | 52.08 | NEUTRAL | FXO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FXO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.8 | NEUTRAL | The RSI value for FXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests FXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.08 | NEUTRAL | The Stochastics value for FXO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for FXO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.29 | NEGATIVE | The low ADX value for FXO suggests a weak or negative trend. |
58.07
-0.2 (-0.34%)
FIRST TRUST FINANCIAL ALPHAD / FXO FAQ
What is the ChartMill technical rating of FIRST TRUST FINANCIAL ALPHAD (FXO) stock?
ChartMill assigns a technical rating of 5 / 10 to FXO.
What is the current trend direction of FIRST TRUST FINANCIAL ALPHAD (FXO) stock?
The current trend direction for FIRST TRUST FINANCIAL ALPHAD (FXO) is Bullish.
What is the RSI signal for FIRST TRUST FINANCIAL ALPHAD (FXO) stock?
FIRST TRUST FINANCIAL ALPHAD (FXO) has an RSI value of 50.8021. This indicates that the stock is currently neutral.
What is the support and resistance level for FXO stock?
FIRST TRUST FINANCIAL ALPHAD (FXO) has a support level at 58.04 and a resistance level at 60.33. Check the full technical report for our detailed analysis of FXO support and resistance levels.