FRANKLIN ELECTRIC CO INC (FELE) Stock Technical Analysis
USA - NASDAQ:FELE - US3535141028 - Common Stock
95.33 USD
-0.84 (-0.87%)
95.331 USD
0 (0%)
We assign a technical rating of 4 out of 10 to FELE. FELE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, FELE turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
FELE is part of the Machinery industry. There are 129 other stocks in this industry, FELE did better than 53% of them.
FELE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FELE is lagging the market.
In the last month FELE has a been trading in the 91.81 - 100.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, FELE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 98.63. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
83.16
110.15
When analyzing the support we can see 2 important areas.
- Support @89.51 from a horizontal line in the daily time frame.
- A support zone ranging from 84.00 to 84.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 98.63 to 99.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @106.81 from a horizontal line in the weekly time frame.
- Resistance @109.06 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for FELE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FELE is neutral. |
| ChartMill Relative Strength | 44.07 | NEUTRAL | FELE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FELE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FELE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FELE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.52 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests FELE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.65 | NEUTRAL | The Stochastics value for FELE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for FELE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
95.33
-0.84 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.87%
1 Week0.74%
2 Weeks-2.33%
1 Month-0.45%
3 Month12.22%
6 Month-0.24%
12 Month-6.8%
2 Year6.84%
3 Year16.67%
5 Year62.04%
10 Year250.09%
15 Year474.97%
Volatility
ATR(14)2.21
ATR(20)%2.27%
ATR Inc-19.52%
Range Today1.35
ADR(20)2.04
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.07
Mansfield-1.15
10 Day High98.22
10 Day Low91.81
20 Day High100
20 Day Low91.81
52 Week High111.94
52 Week Low78.87
CS1 End89.51
CR1 Start98.63
Volume & EV
DER(3)0.62%
DER(5)1.01%
Volume938.50K
Volume Incr85.27%
Vol(5)367.92K
Vol(50)248.72K