FDA Technical Analysis - FIDIA SPA

Technical Rating and Analysis

Taking everything into account, FDA scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month FDA has a been trading in the 0.24 - 0.39 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

FDA is part of the Machinery industry. There are 105 other stocks in this industry. FDA outperforms 99% of them.

FDA has an average volume of 14440200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, FDA did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

FDA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FDA is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although FDA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.25

0.32

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.32 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 FDA.MI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FDA.MI is neutral.
ChartMill Relative Strength	99.69	POSITIVE	FDA.MI has a high relative strength, it outperformed 99.69% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FDA.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of FDA.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of FDA.MI is above a declining SMA(200).
Relative Strength Index/RSI (14)	39.2	NEUTRAL	The RSI value for FDA.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests FDA.MI has a negative trend.
Stochastics (14,3)	19.57	OVERSOLD	The low Stochastics value suggests FDA.MI may be oversold.
Average True Range in percent/ATR (20)	9.36	HIGH VOLATILITY	The high ATR as a percentage value for FDA.MI suggests high volalility.
Average Directional Index/ADX (14)	15.84	NEGATIVE	The low ADX value for FDA.MI suggests a weak or negative trend.