FRANKLIN ELECTRIC CO INC (FELE) Stock Technical Analysis
USA - NASDAQ:FELE - US3535141028 - Common Stock
We assign a technical rating of 3 out of 10 to FELE. In the last year, FELE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, FELE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 93.44, a Stop Loss order could be placed below this zone.
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83.37
We found 3 important support areas.
- A support zone ranging from 92.13 to 93.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.51 from a horizontal line in the daily time frame.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 95.21 to 95.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 97.64 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 | 31.16 | NEUTRAL | FELE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FELE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FELE is below a declining 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) | 48.07 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests FELE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.85 | NEUTRAL | The Stochastics value for FELE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.03 | NEGATIVE | The low ADX value for FELE suggests a weak or negative trend. |
95.15
-0.56 (-0.59%)
FRANKLIN ELECTRIC CO INC / FELE FAQ
What is the technical rating for FELE stock?
ChartMill assigns a technical rating of 3 / 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 48.0722. 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 93.44 and a resistance level at 95.21. Check the full technical report for our detailed analysis of FELE support and resistance levels.