We assign a technical rating of 4 out of 10 to FELE. In the last year, FELE was a below 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 97.26. 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. 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
88.61
We found 3 important support areas.
- A support zone ranging from 93.75 to 95.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.15 to 91.76. 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 97.26 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 | NEUTRAL | NEUTRAL | The short term trend for FELE is neutral. |
| ChartMill Relative Strength | 33.31 | 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) | 58.72 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests FELE has a positive trend. |
| Stochastics (14,3) | 57.63 | NEUTRAL | The Stochastics value for FELE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.42 | NEGATIVE | The low ADX value for FELE suggests a weak or negative trend. |
96.96
+1.46 (+1.53%)
FRANKLIN ELECTRIC CO INC / FELE FAQ
What is the technical rating for FELE stock?
ChartMill assigns a technical rating of 4 / 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 58.7197. 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 95.96 and a resistance level at 97.26. Check the full technical report for our detailed analysis of FELE support and resistance levels.