FIRST TRUST EXCHANGE-TRADED (MFLX) Stock Technical Analysis
NASDAQ:MFLX - US33740F5089 - ETF
16.615 USD
+0.11 (+0.67%)
16.585 USD
-0.03 (-0.18%)
Overall MFLX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MFLX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MFLX is a bad performer in the overall market: 73% of all stocks are doing better.
MFLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: MFLX has an average volume of 5088 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MFLX has a been trading in a tight range between 16.21 and 16.78.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MFLX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 16.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MFLX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
15.88
17.79
We found 1 important support area.
- A support zone ranging from 16.04 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.11 to 17.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 17.61 to 17.61. 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 MFLX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFLX is up. |
| ChartMill Relative Strength | 27.44 | NEGATIVE | MFLX has a low relative strength, it was outperformed by 72.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MFLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.97 | NEUTRAL | The RSI value for MFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MFLX has a positive trend. |
| Stochastics (14,3) | 45.75 | NEUTRAL | The Stochastics value for MFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for MFLX suggests low volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for MFLX suggests a strong 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)
16.615
+0.11 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.67%
1 Week1.28%
2 Weeks0.85%
1 Month1.96%
3 Month0.58%
6 Month-3.96%
12 Month-4.24%
2 Year4.56%
3 Year-0.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.97%
ATR Inc31.9%
Range Today0.22
ADR(20)0.15
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.44
Mansfield-1.05
10 Day High16.78
10 Day Low16.3
20 Day High16.78
20 Day Low16.21
52 Week High18.91
52 Week Low15.6
CS1 End16.61
CR1 Start17.11
Volume & EV
DER(3)7.11%
DER(5)3.45%
Volume12.10K
Volume Incr67.23%
Vol(5)8.42K
Vol(50)5.09K