Monday, 17 Jun 2019

Hull Moving Average Level Review for This Stock: Fidelity MSCI Information Tech ETF (:FTEC): HMA Hits 55.93015 – Buckner Daily


Investors may have a solid plan in place to start trading the equity market. Sometimes, these plans never get to be fully realized because of the lack of discipline in the early stages. When a new investor goes into the red right out the gate, there can be a tendency to take on too much risk trying to get back to even. This may result in the investor abandoning the plan and making too many unreasonable trades with exorbitant expectations. Finding the self control to not get discouraged with early losses may help the investor stick to the plan and eventually start achieving longer-term goals. 

Tracking some one month stock pivot points on shares of Fidelity MSCI Information Tech ETF (:FTEC), we note that the Classic Pivot is 54.59, the Classic resistance 1 is 55.14, and the Classic support 1 is presently 54. The Fibonacci one month pivot is 54.59 while the Fibonacci support 1 pivot is 54.15452, and the Fibonacci support 2 is 53.88548. Looking at one month Woodie pivot, we note the level at 54.735. The Woodie support 1 pivot is 54.29, and the Woodie resistance 1 pivot is 55.43.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 1.9002647. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of Fidelity MSCI Information Tech ETF (:FTEC) may have noted that the stock most recently closed at 55.72. Going back a full-year, the stock has seen a change of 6.9740634 over that stretch. Taking the focus in to more recent action, shares have seen a move of 2.447102 over the last week. Over the prior month, the stock has moved 9.112287. Over the past three months, the stock has moved 4.602668.

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 55.222, the 20 day is 54.825, and the 30 day is 54.072. Tracking some other time periods, we note that the 50 day SMA is 52.9256 , the 100 day is 51.6693 , and the 200 day SMA is currently 53.718376.

Tracking the Hull Moving Average, we note that the current level is 55.93015. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Fidelity MSCI Information Tech ETF (:FTEC), we see that the Keltner Channels 20 day upper band is 55.05986, and the 20 day lower band is54.373585. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

At some point in time, traders may have to deal with the overconfidence issue when dealing with the market. Traders may have times when they go on runs where everything works out. This may cause the individual to become overconfident in their ability and possibly lead to uninformed decisions late on. When the good times are rolling, it can be easy to think that the winners are a direct result of skill. This may be true, but if this is incorrect, it can lead to portfolio damage in the future. Having is long string of winning trades is a great thing, but markets can be cruel and have the ability to turn very quickly. Approaching every trade with the same research and examination may help the trader to make better decisions when a string of trades eventually go the wrong way.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings for Fidelity MSCI Information Tech ETF (:FTEC):

Ichimoku Cloud Base Line: 53.72
Ichimoku Cloud Conversion Line: 55.185
Ichimoku Lead 1: 51.73
Ichimoku Lead 2: 49.35


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