Foundation Building Materials Inc (FBM) Stock Technical Analysis
USA - NYSEARCA:FBM -
Overall FBM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FBM is only an average performer.
FBM has an excellent technical rating and 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 19.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.23, a Stop Loss order could be placed below this zone.
More info and screens
14.36
We found 5 important support areas.
- A support zone ranging from 19.16 to 19.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.91 from a trend line in the weekly time frame.
- Support @15.71 from a trend line in the daily time frame.
- Support @15.07 from a trend line in the weekly time frame.
- A support zone ranging from 14.50 to 14.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.25 to 19.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBM is up. |
| ChartMill Relative Strength | 60.95 | NEUTRAL | FBM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.55 | NEUTRAL | The RSI value for FBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.51 | NEUTRAL | The Stochastics value for FBM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for FBM suggests low volalility. |
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 |
|---|---|---|---|
| 19.29 | 19.19 | 0.10 (0.49%) | 25.00% |
| An entry @19.29. This is a Buy Stop order right above the resistance zone. | An exit @19.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 0.49%. | For a 0.12% 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.
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Foundation Building Materials Inc / FBM FAQ
What is the ChartMill technical rating of Foundation Building Materials Inc (FBM) stock?
ChartMill assigns a technical rating of 8 / 10 to FBM.
What is the current trend direction of Foundation Building Materials Inc (FBM) stock?
The current trend direction for Foundation Building Materials Inc (FBM) is Bullish.
What is the RSI signal for Foundation Building Materials Inc (FBM) stock?
Foundation Building Materials Inc (FBM) has an RSI value of 65.5504. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Foundation Building Materials Inc?
The buy/sell signal for Foundation Building Materials Inc (FBM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Foundation Building Materials Inc?
Foundation Building Materials Inc (FBM) has a support level at 19.23 and a resistance level at 19.25. Check the full technical report for our detailed analysis of FBM support and resistance levels.