FREQUENCY ELECTRONICS INC (FEIM) Stock Technical Analysis
NASDAQ:FEIM • US3580101067
Overall FEIM gets a technical rating of 8 out of 10. 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 FEIM has a been trading in the 43.76 - 59.80 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.
- When comparing the yearly performance of all stocks, we notice that FEIM is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by FEIM over the past year are nicely spread over this period.
- FEIM is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry. FEIM outperforms 89% of them.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- FEIM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FEIM is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although FEIM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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22.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.66 to 31.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.95 to 27.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @54.81 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 FEIM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FEIM is down. |
| ChartMill Relative Strength | 97.58 | POSITIVE | FEIM has a high relative strength, it outperformed 97.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FEIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FEIM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FEIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.64 | NEUTRAL | The RSI value for FEIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.32 | NEGATIVE | The MACD value suggests FEIM has a negative trend. |
| Stochastics (14,3) | 11.56 | OVERSOLD | The low Stochastics value suggests FEIM may be oversold. |
| Average True Range in percent/ATR (20) | 9.12 | HIGH VOLATILITY | The high ATR as a percentage value for FEIM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for FEIM suggests a weak or negative trend. |
44.78
-2.6 (-5.49%)
FREQUENCY ELECTRONICS INC / FEIM FAQ
What is the technical rating for FEIM stock?
ChartMill assigns a technical rating of 8 / 10 to FEIM.
Can you provide the trend direction for FREQUENCY ELECTRONICS INC?
The current trend direction for FREQUENCY ELECTRONICS INC (FEIM) is Bullish.
What is the RSI signal for FEIM stock?
FREQUENCY ELECTRONICS INC (FEIM) has an RSI value of 38.6434. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FREQUENCY ELECTRONICS INC?
The buy/sell signal for FREQUENCY ELECTRONICS INC (FEIM) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for FREQUENCY ELECTRONICS INC?
FREQUENCY ELECTRONICS INC (FEIM) has a support level at 31.97 and a resistance level at 54.81. Check the full technical report for our detailed analysis of FEIM support and resistance levels.