FEIM Technical Analysis - FREQUENCY ELECTRONICS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to FEIM. Both in the recent history as in the last year, FEIM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that FEIM is one of the better performing stocks in the market, outperforming 96% 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 124 other stocks in this industry. FEIM outperforms 88% of them.

FEIM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FEIM is lagging the market slightly.

In the last month FEIM has a been trading in the 28.03 - 39.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

FREQUENCY ELECTRONICS INC / FEIM Weekly stock chart

FREQUENCY ELECTRONICS INC / FEIM Daily stock chart

Setup Rating and Analysis

Although FEIM has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.95

39.37

When analyzing the support we can see 5 important areas.

Support @29.41 from a trend line in the weekly time frame.
Support @26.95 from a horizontal line in the daily time frame.
Support @23.16 from a trend line in the daily time frame.
Support @22.33 from a trend line in the daily time frame.
Support @20.15 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @38.98 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 FEIM is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FEIM is neutral.
ChartMill Relative Strength	96.88	POSITIVE	FEIM has a high relative strength, it outperformed 96.88% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of FEIM is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FEIM is above 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)	49.35	NEUTRAL	The RSI value for FEIM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests FEIM has a negative trend.
Stochastics (14,3)	59.16	NEUTRAL	The Stochastics value for FEIM is a neutral value.
Average True Range in percent/ATR (20)	6.64	HIGH VOLATILITY	The high ATR as a percentage value for FEIM suggests high volalility.
Average Directional Index/ADX (14)	26.24	POSITIVE	The high ADX value value for FEIM suggests a strong trend.