Technical Analysis for FGB - First Trust Specialty Finance and Financial Opportunities Fund

Grade Last Price % Change Price Change
A 3.95 0.26% 0.01
FGB closed up 0.26 percent on Wednesday, July 3, 2024, on 65 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 10 hours ago
New 52 Week High about 10 hours ago
Up 1% about 10 hours ago
Fell Below Upper Bollinger Band about 10 hours ago
Possible Pocket Pivot about 10 hours ago

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Profile

First Trust Specialty Finance and Financial Opportunities Fund Description

First Trust Specialty Finance and Financial Opportunities Fund is a close-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Confluence Investment Management LLC. It invests in the public equity markets of the United States. The fund invests in the stocks of specialty finance and business development companies. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against MSCI U.S. Investable Market Financials Index and a composite index comprising of Red Rocks Global Listed Private Equity Index, FTSE NAREIT Mortgage REIT Index, and S&P SmallCap Financials Index. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Stock Market Index Real Estate Investment Trust Stock Fund MSCI EAFE Invesco Powershares Business Development Msci Us Reit Index Ftse 100 Index S&P Small Cap 600 Growth Index North American Marijuana Index Reckitt Benckiser Group Index Constituent

Is FGB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.99
52 Week Low 2.7743
Average Volume 51,550
200-Day Moving Average 3.41
50-Day Moving Average 3.79
20-Day Moving Average 3.87
10-Day Moving Average 3.89
Average True Range 0.08
RSI (14) 64.41
ADX 16.07
+DI 22.51
-DI 14.22
Chandelier Exit (Long, 3 ATRs) 3.76
Chandelier Exit (Short, 3 ATRs) 3.99
Upper Bollinger Bands 3.94
Lower Bollinger Band 3.79
Percent B (%b) 1.04
BandWidth 3.99
MACD Line 0.04
MACD Signal Line 0.03
MACD Histogram 0.0039
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.06
Resistance 3 (R3) 4.06 4.02 4.04
Resistance 2 (R2) 4.02 4.00 4.02 4.03
Resistance 1 (R1) 3.99 3.98 4.01 3.99 4.03
Pivot Point 3.95 3.95 3.96 3.95 3.95
Support 1 (S1) 3.92 3.93 3.94 3.92 3.87
Support 2 (S2) 3.88 3.91 3.88 3.87
Support 3 (S3) 3.85 3.88 3.86
Support 4 (S4) 3.85