Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Nasdaq / Consumer Discretionary / Diversified Consumer Services
Overall FTDR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTDR is showing a nice and steady performance.
Besides having an excellent technical rating, FTDR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 34.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FTDR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.60
We found 3 important support areas.
- A support zone ranging from 33.86 to 34.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.53 from a trend line in the weekly time frame.
- A support zone ranging from 28.89 to 28.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @35.09 from a trend line in the daily time frame.
- A resistance zone ranging from 37.01 to 37.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 35.10 | 33.87 | 1.23 (3.50%) | 25.00% |
| An entry @35.10. This is a Buy Stop order right above the resistance zone. | An exit @33.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.23 points, which is 3.50%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.