Technical Pulse: SPDR S&P Kensho Future Security ETF August 16, 2019 371


Support 1: 35.68                     Resistance 1: 39.52


FITE ETF is currently in a ranging mode and based on the technicals, the ETF has the potential to have a short term bullish rally towards the upper bound of the range. The strong bullish pin bar/doji pattern has closed above the 78.6% of the retracement of the total range box. Also, the ETF has formed a potential double bottom.

The Relative strength index has shown that the ETF is currently oversold. The most comforting indication is that the ETF has entered into a bullish divergence.


SPDR S&P Kensho Future Security ETF- tracks an index of US stocks supporting technological innovations in future military and security applications.



Red dotted line = 200 periods moving average

Blue dotted line = 50 periods moving average

Green dotted line = 22 periods moving average

Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!