Technical Analysis for FSD - First Trust High Income Long Short Fund

Grade Last Price % Change Price Change
grade B 13.97 0.50% 0.07
FSD closed up 0.5 percent on Wednesday, January 16, 2019, on 1.24 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Up Up
See historical FSD trend table...

Date Alert Name Type % Chg
Jan 16 Narrow Range Bar Range Contraction 0.00%
Jan 16 NR7 Range Contraction 0.00%
Jan 16 Gapped Up Strength 0.00%
Jan 16 Overbought Stochastic Strength 0.00%
Jan 15 180 Bullish Setup Bullish Swing Setup 0.50%
Jan 15 Cup with Handle Other 0.50%
Jan 15 Narrow Range Bar Range Contraction 0.50%
Jan 15 Overbought Stochastic Strength 0.50%
Jan 14 Cup with Handle Other 1.38%
Jan 14 Overbought Stochastic Strength 1.38%

Older signals for FSD ...

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Basic chart:

First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers. The fund employs fundamental analysis and a long/short strategy, with a focus on such factors as type, size, and cost of a security, financial statements of the issuer, credit quality and cash flow of the issuer, and evaluation of the forces which influence the market to create its portfolio. It benchmarks the performance of its portfolio against the Bank of America Merill Lynch U.S. High Yield Master II Constrained Index. First Trust High Income Long/Short Fund was formed on June 18, 2010 and is domiciled in the United States.
Is FSD a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 16.88
52 Week Low 12.67
Average Volume 184,411
200-Day Moving Average 14.4769
50-Day Moving Average 13.7051
20-Day Moving Average 13.4623
10-Day Moving Average 13.808
Average True Range 0.1738
ADX 25.04
+DI 35.3747
-DI 22.0819
Chandelier Exit (Long, 3 ATRs ) 13.4686
Chandelier Exit (Short, 3 ATRs ) 13.1914
Upper Bollinger Band 14.2554
Lower Bollinger Band 12.6692
Percent B (%b) 0.82
BandWidth 11.782533
MACD Line 0.0911
MACD Signal Line 0.0093
MACD Histogram 0.0818
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.06
Resistance 3 (R3) 14.06 14.02 14.05
Resistance 2 (R2) 14.02 14.00 14.03 14.04
Resistance 1 (R1) 14.00 13.99 14.01 14.00 14.03
Pivot Point 13.96 13.96 13.97 13.97 13.96
Support 1 (S1) 13.94 13.94 13.95 13.94 13.91
Support 2 (S2) 13.90 13.93 13.91 13.90
Support 3 (S3) 13.88 13.90 13.90
Support 4 (S4) 13.88