PROSHARES ULTRASHORT FTSE CH (FXP) Stock Technical Analysis
NYSEARCA:FXP - US74347B2271 - ETF
8.88 USD
-0.48 (-5.14%)
9.15 USD
+0.27 (+3.04%)
We assign a technical rating of 0 out of 10 to FXP. FXP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FXP is a bad performer in the overall market: 96% of all stocks are doing better.
FXP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month FXP has a been trading in the 9.06 - 10.24 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
The technical rating of FXP is bad and it also does not present a quality setup 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
8.79
10.53
4 important resistance areas can be observed.
- A resistance zone ranging from 9.14 to 9.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.36 to 9.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.85 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.43 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for FXP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FXP is down. |
| ChartMill Relative Strength | 4.09 | NEGATIVE | FXP has a low relative strength, it was outperformed by 95.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FXP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FXP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.36 | NEUTRAL | The RSI value for FXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.45 | NEUTRAL | The Stochastics value for FXP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for FXP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for FXP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.88
-0.48 (-5.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.14%
1 Week-2.03%
2 Weeks-0.54%
1 Month-8.41%
3 Month-15.98%
6 Month-21.01%
12 Month-70.75%
2 Year-73.74%
3 Year-82.33%
5 Year-78.57%
10 Year-94.98%
15 Year-98.23%
Volatility
ATR(14)0.25
ATR(20)%2.91%
ATR Inc12.68%
Range Today0.13
ADR(20)0.15
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.09
Mansfield-4.18
10 Day High9.75
10 Day Low9.06
20 Day High10.24
20 Day Low9.06
52 Week High30.99
52 Week Low9.06
CS1 End9.14
CR1 Start9.36
Volume & EV
DER(3)2.33%
DER(5)-0.48%
Volume55.64K
Volume Incr-60.58%
Vol(5)18.95K
Vol(50)30.78K