Technical Analysis for FMF - First Trust Morningstar Managed Futures Strategy Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 49.72 | 0.38% | 0.19 |
FMF closed up 0.38 percent on Thursday, April 18, 2024, on 56 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| Strong but Oversold | Other | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 50 DMA | Bearish | 0.38% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 5 hours ago |
| Rose Above 50 DMA | about 8 hours ago |
| Rose Above Lower Bollinger Band | about 8 hours ago |
| 50 DMA Resistance | about 8 hours ago |
| 50 DMA Support | 1 day ago |
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Basic chart:
The investment seeks to provide investors with positive returns.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve positive returns that are not directly correlated to broad market equity or fixed income returns. It uses as a benchmark, the Morningstar Diversified Futures Index (the "Benchmark"), which is developed, maintained and sponsored by Morningstar, Inc., and seeks to exceed the performance of the Benchmark. The fund will generally seek to hold similar instruments to those included in the Benchmark and seek exposure to commodities, currencies and equity indexes included in the Benchmark. It is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Stock Market Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Stock Market Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 50.82 |
| 52 Week Low | 44.6484 |
| Average Volume | 18,249 |
| 200-Day Moving Average | 47.88 |
| 50-Day Moving Average | 49.68 |
| 20-Day Moving Average | 50.19 |
| 10-Day Moving Average | 50.00 |
| Average True Range | 0.44 |
| RSI (14) | 45.65 |
| ADX | 27.87 |
| +DI | 17.06 |
| -DI | 16.92 |
| Chandelier Exit (Long, 3 ATRs) | 49.49 |
| Chandelier Exit (Short, 3 ATRs) | 50.80 |
| Upper Bollinger Bands | 50.75 |
| Lower Bollinger Band | 49.62 |
| Percent B (%b) | 0.09 |
| BandWidth | 2.27 |
| MACD Line | 0.04 |
| MACD Signal Line | 0.18 |
| MACD Histogram | -0.1365 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 50.35 | ||||
| Resistance 3 (R3) | 50.35 | 50.14 | 50.24 | ||
| Resistance 2 (R2) | 50.14 | 49.98 | 50.14 | 50.21 | |
| Resistance 1 (R1) | 49.93 | 49.88 | 50.04 | 49.93 | 50.17 |
| Pivot Point | 49.72 | 49.72 | 49.77 | 49.72 | 49.72 |
| Support 1 (S1) | 49.51 | 49.56 | 49.61 | 49.50 | 49.26 |
| Support 2 (S2) | 49.30 | 49.46 | 49.30 | 49.22 | |
| Support 3 (S3) | 49.08 | 49.30 | 49.19 | ||
| Support 4 (S4) | 49.08 |
