FIRST TRUST EXCHANGE-TRADED (MFLX) Stock Technical Analysis
NASDAQ:MFLX - Nasdaq - US33740F5089 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to MFLX. MFLX 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
72% of all other stocks performed better in the past year than MFLX.
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 5522 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MFLX has a been trading in a tight range between 16.18 and 16.64.
Volume is considerably higher in the last couple of days.
MFLX has a poor technical rating and the quality of the setup is also only medium 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
15.88
17.79
When analyzing the support we notice one important area.
- A support zone ranging from 16.04 to 16.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 16.50 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.11 to 17.12. 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 | DOWN | NEGATIVE | The long term trend for MFLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFLX is neutral. |
| ChartMill Relative Strength | 28.63 | NEGATIVE | MFLX has a low relative strength, it was outperformed by 71.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MFLX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MFLX is above a declining 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) | 50.23 | NEUTRAL | The RSI value for MFLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MFLX has a positive trend. |
| Stochastics (14,3) | 44.12 | NEUTRAL | The Stochastics value for MFLX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for MFLX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.95 | 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)
NASDAQ:MFLX (8/4/2025, 12:44:06 PM)
16.5
+0.1 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.61%
1 Week1.11%
2 Weeks0.34%
1 Month-1.03%
3 Month-0.94%
6 Month-4.12%
12 Month-5.77%
2 Year3.24%
3 Year-1.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.71%
ATR Inc23.01%
Range Today0.17
ADR(20)0.11
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.63
Mansfield-0.96
10 Day High16.55
10 Day Low16.18
20 Day High16.64
20 Day Low16.18
52 Week High18.91
52 Week Low15.6
CS1 End16.39
CR1 Start16.48
Volume & EV
DER(3)0.47%
DER(5)1.88%
Volume2.77K
Volume Incr128.94%
Vol(5)10.68K
Vol(50)5.52K