We assign a technical rating of 6 out of 10 to FUTU. In the last year, FUTU was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
FUTU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 171.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 171.37, a Stop Loss order could be placed below this zone.
More info and screens
102.82
We found 4 important support areas.
- A support zone ranging from 168.80 to 171.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.43 from a trend line in the daily time frame.
- A support zone ranging from 153.78 to 156.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @103.86 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 171.46 to 173.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @194.74 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FUTU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FUTU is neutral. |
| ChartMill Relative Strength | 92.29 | POSITIVE | FUTU has a high relative strength, it outperformed 92.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FUTU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FUTU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FUTU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for FUTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests FUTU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.11 | NEUTRAL | The Stochastics value for FUTU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for FUTU suggests some volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for FUTU suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 173.47 | 168.79 | 4.68 (2.70%) | 25.00% |
| An entry @173.47. This is a Buy Stop order right above the resistance zone. | An exit @168.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.68 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of FUTU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
171.45
-1.32 (-0.76%)
FUTU HOLDINGS LTD-ADR / FUTU FAQ
Can you provide the ChartMill technical rating for FUTU HOLDINGS LTD-ADR?
ChartMill assigns a technical rating of 6 / 10 to FUTU.
Can you provide the trend direction for FUTU HOLDINGS LTD-ADR?
The current trend direction for FUTU HOLDINGS LTD-ADR (FUTU) is Bullish.
What is the RSI signal for FUTU stock?
FUTU HOLDINGS LTD-ADR (FUTU) has an RSI value of 48.7291. This indicates that the stock is currently neutral.
What is the MACD signal for FUTU stock?
The MACD indicator for FUTU HOLDINGS LTD-ADR (FUTU) has a value of 0.632287, indicating a bearish trend.
What is the short term momentum for FUTU HOLDINGS LTD-ADR (FUTU) stock?
The short term momentum for FUTU HOLDINGS LTD-ADR (FUTU) is neutral.