FBS GLOBAL LTD (FBGL) Stock Technical Analysis
USA - NASDAQ:FBGL - KYG3337S1093 - Common Stock
Taking everything into account, FBGL scores 5 out of 10 in our technical rating. In the last year, FBGL was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
FBGL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.66, a Stop Loss order could be placed below this zone.
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0.50
2 important support areas can be observed.
- A support zone ranging from 0.64 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.78 from a trend 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 FBGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBGL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | FBGL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBGL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for FBGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FBGL has a negative trend. |
| Stochastics (14,3) | 39.15 | NEUTRAL | The Stochastics value for FBGL is a neutral value. |
| Average True Range in percent/ATR (20) | 12.14 | HIGH VOLATILITY | The high ATR as a percentage value for FBGL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for FBGL suggests a strong trend. |
0.663
-0.07 (-9.13%)