FIRST TRUST INDIA NIFTY 50 E (NFTY) Stock Technical Analysis
NASDAQ:NFTY - Nasdaq - US33737J8027 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to NFTY. Although NFTY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, NFTY is a bad performer in the overall market: 66% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NFTY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NFTY is lagging the market.
In the last month NFTY has a been trading in a tight range between 57.46 and 60.47.
Considerably lower volume is observed in the last couple of days.
NFTY has an average technical rating and the quality of the presented setup is also not ideal 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
51.15
61.14
3 important support areas can be observed.
- A support zone ranging from 58.15 to 58.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.47 from a trend line in the weekly time frame.
- A support zone ranging from 51.67 to 52.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.28 to 60.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NFTY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NFTY is neutral. |
| ChartMill Relative Strength | 34.41 | NEUTRAL | NFTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NFTY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NFTY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for NFTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NFTY has a negative trend. |
| Stochastics (14,3) | 47.29 | NEUTRAL | The Stochastics value for NFTY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for NFTY suggests low volalility. |
| Average Directional Index/ADX (14) | 11.31 | NEGATIVE | The low ADX value for NFTY 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)
NASDAQ:NFTY (7/15/2025, 10:00:50 AM)
59.21
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.65%
2 Weeks-1.64%
1 Month0.34%
3 Month4.7%
6 Month7.65%
12 Month-2.82%
2 Year21.23%
3 Year30.59%
5 Year98.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%0.96%
ATR Inc-25.81%
Range Today0.29
ADR(20)0.41
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.41
Mansfield-0.63
10 Day High60.21
10 Day Low59
20 Day High60.47
20 Day Low57.46
52 Week High65.9
52 Week Low51.57
CS1 End58.81
CR1 Start59.28
Volume & EV
DER(3)1.59%
DER(5)1.57%
Volume7.21K
Volume Incr-70.37%
Vol(5)13.44K
Vol(50)30.48K