We assign a technical rating of 6 out of 10 to FELE. In the last year, FELE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FELE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 99.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.04, a Stop Loss order could be placed below this zone.
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88.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 94.52 to 97.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.39 to 92.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @89.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 99.03 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.
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 | UP | POSITIVE | The short term trend for FELE is up. |
| ChartMill Relative Strength | 45.5 | NEUTRAL | FELE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FELE is above the rising 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) | 59.28 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests FELE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.83 | OVERBOUGHT | The high Stochastics value suggests FELE may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for FELE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 99.61 | 94.51 | 5.10 (5.12%) | 19.53% |
| An entry @99.61. This is a Buy Stop order right above the resistance zone. | An exit @94.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.10 points, which is 5.12%. | For a 1.00% total portfolio risk, you can invest 19.53% 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.
97.72
+0.42 (+0.43%)
FRANKLIN ELECTRIC CO INC / FELE FAQ
What is the technical rating for FELE stock?
ChartMill assigns a technical rating of 6 / 10 to FELE.
What is the trend direction for FELE stock?
The current trend direction for FRANKLIN ELECTRIC CO INC (FELE) is Bearish.
What is the RSI signal for FRANKLIN ELECTRIC CO INC (FELE) stock?
FRANKLIN ELECTRIC CO INC (FELE) has an RSI value of 59.2822. This indicates that the stock is currently neutral.
What is the support and resistance level for FELE stock?
FRANKLIN ELECTRIC CO INC (FELE) has a support level at 97.04 and a resistance level at 99.03. Check the full technical report for our detailed analysis of FELE support and resistance levels.