GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF Forecast and Stock Analysis
Technical FINX stock analysis for February 15, 2019.
GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF gained 0.85% in the last trading day, rising from $25.97 to $26.19 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 127 680 more shares were traded than the day before. In total, 226 426 shares bought and sold for approximately $5.93 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the FINX stock was $26.19. This is 0.85% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.88% from a day low at $26.00 to a day high of $26.23.
30 day high of the FINX stock price was $26.23 and low was $23.66.
90 day high was $26.23 and low was $20.66.
52 week high for the GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF - $29.32 and low - $20.66.
GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.92% during the next 3 months and, with 90% probability hold a price between $24.75 and $30.14 at the end of this period.
Only positive signals in the chart today. GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $25.72 and $24.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 01, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $23.39 and $22.63.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF finds support just below today's level at $23.39. If this is broken, then the next support from accumulated volume will be at $22.63 and $20.97.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.23 (0.88%) between high and low. For the last week, the stock has had a daily average volatility of 0.95%.
Our recommended stoploss: $24.92 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)
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Evaluation: Strong Buy Candidate
GLOBAL X FINTECH THEMATIC ETF GLOBAL X FINTECH THEMATIC ETF holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.