IQ 50% Hedged FTSE Europe (HFXE) Technical Analysis
NYSEARCA:HFXE
Current stock price
HFXE Technical Rating and Analysis
Taking everything into account, HFXE scores 8 out of 10 in our technical rating. Although HFXE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: HFXE has an average volume of 3009 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- HFXE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HFXE is performing more or less in line with the market.
- When compared to the yearly performance of all other stocks, HFXE outperforms 48% of them, which is more or less in line with the market.
- In the last month HFXE has a been trading in a tight range between 18.52 and 19.45.
- Volume is considerably higher in the last couple of days.
HFXE Weekly and Daily overview Charts
HFXE Setup Rating and Analysis
Besides having an excellent technical rating, HFXE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.07, a Stop Loss order could be placed below this zone.
More info and screens
HFXE Support and Resistance Analysis
16.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.21 to 19.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.44 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.13 to 19.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.22 to 21.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
HFXE 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 HFXE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HFXE is up. |
| ChartMill Relative Strength | 48.67 | NEUTRAL | HFXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HFXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HFXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HFXE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for HFXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HFXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.02 | NEUTRAL | The Stochastics value for HFXE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for HFXE suggests low volalility. |
HFXE Chart- and CandleStick Pattern Analysis
HFXE 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 |
|---|---|---|---|
| 19.34 | 18.51 | 0.83 (4.30%) | 23.25% |
| An entry @19.34. This is a Buy Stop order right above the resistance zone. | An exit @18.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.83 points, which is 4.30%. | For a 1.00% total portfolio risk, you can invest 23.25% 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.
HFXE Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:HFXE (8/5/2020, 8:04:00 PM)
19.068
+0.1 (+0.54%)
IQ 50% Hedged FTSE Europe / HFXE TA FAQ
Can you provide the ChartMill technical rating for IQ 50% Hedged FTSE Europe?
ChartMill assigns a technical rating of 8 / 10 to HFXE.
Can you provide the trend direction for IQ 50% Hedged FTSE Europe?
The current trend direction for IQ 50% Hedged FTSE Europe (HFXE) is Bullish.
Can you provide the RSI signal for IQ 50% Hedged FTSE Europe?
IQ 50% Hedged FTSE Europe (HFXE) has an RSI value of 53.157. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IQ 50% Hedged FTSE Europe?
The short term momentum for IQ 50% Hedged FTSE Europe (HFXE) is positive.
Can you provide the buy/sell signal for IQ 50% Hedged FTSE Europe?
The buy/sell signal for IQ 50% Hedged FTSE Europe (HFXE) is buy as both the short term and long term trends are positive.