FRANKLIN ELECTRIC CO INC (FELE) Technical Analysis
NASDAQ:FELE • US3535141028
Taking everything into account, FELE scores 3 out of 10 in our technical rating. 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.
- 64% of all other stocks performed better in the past year than FELE.
- FELE is part of the Machinery industry. There are 130 other stocks in this industry, of which 60% are performing better than FELE.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 90.18 - 111.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 resistance zone just above the current price starting at 98.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 95.96, a Stop Loss order could be placed below this zone.
More info and screens
88.61
We found 3 important support areas.
- Support @95.96 from a horizontal line in the daily time frame.
- A support zone ranging from 91.25 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 3 important areas.
- A resistance zone ranging from 98.69 to 101.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @106.22 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 108.94 to 109.86. 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 | NEUTRAL | NEUTRAL | The short term trend for FELE is neutral. |
| ChartMill Relative Strength | 36.29 | 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 | MIXED | The current price of FELE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FELE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.03 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FELE has a negative trend. |
| Stochastics (14,3) | 46.42 | NEUTRAL | The Stochastics value for FELE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for FELE suggests a possible start of a new trend. |
FELE Technicals: Chart, Performance Metrics, Trend & Indicators
98.22
-3.26 (-3.21%)
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 current trend direction of FRANKLIN ELECTRIC CO INC (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 46.0258. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for FRANKLIN ELECTRIC CO INC?
FRANKLIN ELECTRIC CO INC (FELE) has a support level at 95.96 and a resistance level at 98.69. Check the full technical report for our detailed analysis of FELE support and resistance levels.