Taking everything into account, FAX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FAX is only an average performer.
Besides having an excellent technical rating, FAX also presents 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 2.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.89, a Stop Loss order could be placed below this zone.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @2.93. This is a Buy Stop order right above the resistance zone.||An exit @2.82. This is a Stop Loss order right below the support zone.||The trade has a worst case loss of 0.11 points, which is 3.75%.||When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%.|
NYSEARCA:FAX (2/6/2023, 2:04:00 PM)-0.03 (-1.21%)
|2 Weeks||0.69%||1 Month||10.27%|
|3 Month||22.88%||6 Month||2.84%|
|ATR Inc||-40.08%||Range Today||0.06|
|ST Trend||LT Trend|
|10 Day High||2.92||10 Day Low||2.76|
|20 Day High||2.92||20 Day Low||2.66|
|52 Week High||3.74||52 Week Low||2.26|
|CS1 End||2.89||CR1 Start||2.91|
Find stocks with similar TA and Setup ratings on the USA