Technical Analysis for FBT - First Trust Amex Biotech Index Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 153.03 | -0.16% | -0.24 |
FBT closed up 1.29 percent on Wednesday, May 15, 2024, on 2.08 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | -0.16% | |
| Pocket Pivot | Bullish Swing Setup | -0.16% | |
| NR7 | Range Contraction | -0.16% | |
| Narrow Range Bar | Range Contraction | -0.16% | |
| Upper Bollinger Band Walk | Strength | -0.16% | |
| Above Upper BB | Strength | -0.16% | |
| Gapped Up | Strength | -0.16% | |
| Overbought Stochastic | Strength | -0.16% | |
| Up 3 Days in a Row | Strength | -0.16% | |
| Up 4 Days in a Row | Strength | -0.16% |
| Alert | Time |
|---|---|
| Possible NR7 | about 1 hour ago |
| Shooting Star Candlestick Entry | about 6 hours ago |
| Fell Below Previous Day's Low | about 6 hours ago |
| Fell Below Upper Bollinger Band | about 6 hours ago |
| 2x Volume Pace | 1 day ago |
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Basic chart:
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NYSE Arca Biotechnology Index(SM).
The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Biotechnology
Classification
Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Biotechnology
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Date | Title |
|---|---|
| Apr 10 | FBT: An Equal Weight Way To Play Biotech |
| Indicator | Value |
|---|---|
| 52 Week High | 161.41 |
| 52 Week Low | 130.2701 |
| Average Volume | 22,529 |
| 200-Day Moving Average | 148.70 |
| 50-Day Moving Average | 149.75 |
| 20-Day Moving Average | 146.58 |
| 10-Day Moving Average | 149.33 |
| Average True Range | 2.21 |
| RSI (14) | 65.16 |
| ADX | 17.39 |
| +DI | 34.07 |
| -DI | 15.85 |
| Chandelier Exit (Long, 3 ATRs) | 147.45 |
| Chandelier Exit (Short, 3 ATRs) | 146.98 |
| Upper Bollinger Bands | 153.01 |
| Lower Bollinger Band | 140.15 |
| Percent B (%b) | 1.02 |
| BandWidth | 8.77 |
| MACD Line | 0.74 |
| MACD Signal Line | -0.23 |
| MACD Histogram | 0.9692 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 154.88 | ||||
| Resistance 3 (R3) | 154.96 | 154.52 | 154.61 | ||
| Resistance 2 (R2) | 154.52 | 154.11 | 154.47 | 154.52 | |
| Resistance 1 (R1) | 153.89 | 153.86 | 154.21 | 153.81 | 154.43 |
| Pivot Point | 153.45 | 153.45 | 153.60 | 153.40 | 153.45 |
| Support 1 (S1) | 152.82 | 153.04 | 153.14 | 152.74 | 152.11 |
| Support 2 (S2) | 152.38 | 152.79 | 152.33 | 152.02 | |
| Support 3 (S3) | 151.75 | 152.38 | 151.93 | ||
| Support 4 (S4) | 151.67 |
