INVESCO CURRENCYSHARES JAPAN (FXY) Stock Technical Analysis
USA - NYSEARCA:FXY - US46138W1071 - ETF
62.82 USD
+0.38 (+0.61%)
62.88 USD
+0.06 (+0.1%)
We assign a technical rating of 2 out of 10 to FXY. FXY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
73% of all other stocks performed better in the past year than FXY.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FXY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FXY is lagging the market.
In the last month FXY has a been trading in a tight range between 61.86 and 62.93.
Although the technical rating is bad, FXY 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 62.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.66, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.62
66.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 61.32 to 62.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.76 from a horizontal line in the daily time frame.
- Support @58.65 from a horizontal line in the weekly time frame.
- A support zone ranging from 57.19 to 57.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.85 to 62.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 65.60 to 65.81. 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 | NEUTRAL | NEUTRAL | The long term trend for FXY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FXY is neutral. |
| ChartMill Relative Strength | 27.51 | NEGATIVE | FXY has a low relative strength, it was outperformed by 72.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FXY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.89 | NEUTRAL | The RSI value for FXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FXY has a positive trend. |
| Stochastics (14,3) | 68.26 | NEUTRAL | The Stochastics value for FXY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for FXY suggests low volalility. |
| Average Directional Index/ADX (14) | 11.21 | NEGATIVE | The low ADX value for FXY 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)
62.82
+0.38 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.61%
1 Week0.64%
2 Weeks1.21%
1 Month0.88%
3 Month-0.32%
6 Month1.7%
12 Month-2.13%
2 Year1.01%
3 Year-2.77%
5 Year-29.9%
10 Year-22.28%
15 Year-47.02%
Volatility
ATR(14)0.34
ATR(20)%0.58%
ATR Inc-3.71%
Range Today0.29
ADR(20)0.27
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.51
Mansfield-0.87
10 Day High62.93
10 Day Low61.86
20 Day High62.93
20 Day Low61.86
52 Week High65.64
52 Week Low58.25
CS1 End62.66
CR1 Start62.85
Volume & EV
DER(3)-0.88%
DER(5)0.04%
Volume216.00K
Volume Incr9.05%
Vol(5)181.16K
Vol(50)269.80K