FRANKLIN ELECTRIC CO INC (FELE) Stock Technical Analysis
NASDAQ:FELE - Nasdaq - US3535141028 - Common Stock - Currency: USD
Taking everything into account, FELE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FELE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FELE is a bad performer in the overall market: 75% of all stocks are doing better.
FELE is part of the Machinery industry. There are 128 other stocks in this industry, of which 67% are performing better than FELE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month FELE has a been trading in the 84.31 - 92.65 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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.
FELE has an average technical rating and the quality of the presented setup is also 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.
More info and screens
83.37
107.88
2 important support areas can be observed.
- A support zone ranging from 86.98 to 88.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.21 to 84.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @90.32 from a horizontal line in the weekly time frame.
- Resistance @91.77 from a horizontal line in the daily time frame.
- Resistance @97.57 from a trend line in the weekly time frame.
- Resistance @100.45 from a trend line in the daily time frame.
- A resistance zone ranging from 105.49 to 106.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 25.86 | NEGATIVE | FELE has a low relative strength, it was outperformed by 74.14% off all stocks 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 | NEGATIVE | The current price of FELE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.3 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests FELE has a positive trend. |
| Stochastics (14,3) | 83.41 | OVERBOUGHT | The high Stochastics value suggests FELE may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for FELE suggests low volalility. |
| Average Directional Index/ADX (14) | 17.12 | 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)
90.31
-1.46 (-1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.59%
1 Week6.31%
2 Weeks4.62%
1 Month4.28%
3 Month-4.53%
6 Month-7.8%
12 Month-6.24%
2 Year-12.24%
3 Year23.27%
5 Year71.95%
10 Year179.34%
15 Year526.72%
Volatility
ATR(14)1.84
ATR(20)%1.84%
ATR Inc82.41%
Range Today2.57
ADR(20)1.54
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.86
Mansfield-1.36
10 Day High92.65
10 Day Low84.31
20 Day High92.65
20 Day Low84.31
52 Week High111.94
52 Week Low78.87
CS1 End88.77
CR1 Start90.32
Volume & EV
DER(3)-0.37%
DER(5)0.04%
Volume1.37M
Volume Incr169.7%
Vol(5)655.40K
Vol(50)303.16K